EU Investigates Chinese PET Dumping. The European Commission has initiated a probe into the alleged dumping of specific polyethylene terephthalate (PET) products imported from the People’s Republic of China.
PET Europe submitted the complaint on February 14, 2023, asserting that the Chinese PET imports are being dumped, leading to harm to the Union industry.
PET Europe is an organization representing the interests of the European polyethylene terephthalate (PET) industry.
The investigation focuses on PET products with a viscosity of 78 ml/g or higher, as per ISO Standard 1628-5. The complainant argues that China’s domestic prices and costs are unsuitable.
This is due to considerable distortions in their economy, impacting the production and sales of the product.
The calculated dumping margins for China, based on a comparison of the constructed normal value and the export price of the product, are substantial.
The complainant has also provided evidence of a potential threat and causation. It demonstrates an overall increase in imports of the product from China. It also shows their negative effects on the Union industry.
The European Commission’s inquiry will evaluate the claims. It will then decide if additional measures are required to safeguard the Union industry.