DOC Issues Preliminary CVD Determination on Bottle-Grade PET Resin From Thailand and India
On August 24, 2004, the U.S. Department of Commerce (DOC) announced its preliminary determinations in the countervailing duty (CVD) investigations on bottle-grade polyethylene terephthalate (BG PET) resin from India and Thailand. DOC preliminarily found that countervailable subsidies are being provided to producers/exporters of BG PET resin from India, with net subsidy rates ranging from 1.62 percent to 30.24 percent. DOC also found that the countervailable subsidies being provided to producers/exporters of BG PET resin from Thailand were de minimis.
The petition requesting these CVD investigations was filed on March 24, 2004, by the United States PET Resin Producers Coalition , an ad hoc association of domestic producers of BG PET resin. Individual members of the coalition include: DAK Americas, LLC (PA); Nan Ya Plastics Corporation America (SC); Voridian (TN); and Wellman, Inc. (NJ).
BG PET resin is commonly used to manufacture bottles, sheet, and strapping, whose applications include packaging for consumer goods such as soft drinks, water, juice, fresh fruit, as well as cosmetics and household cleaners.DOC is expected to make its final CVD determinations in this case by January 3, 2005, although that deadline can be extended.
Labels: Countervailing Duties