Page 22 - Plastics News February 2025
P. 22

ENVIRONMENT NEWS



           Malaysia Imposes Provisional Anti-



           dumping Duties on PET Imports




                                                                                ♦     Jiangsu    Xingye    Plastic,
                                                                                      China – 11.74%

                                                                                ♦     Jiangyin     Xingtai    New
                                                                                      Material, China – 11.74%

                                                                                ♦     Other Chinese exporters –
                                                                                      11.74%

                                                                                ♦     All  Indonesian  producers/
                                                                                      exporters – 37.44%

                                                                                Despite these tariffs, industry in-
                                                                                siders suggest that the impact
                                                                                on China’s PET exports will be
            n a significant move to safeguard its domes-                        minimal, as Malaysia is not a pri-
            tic industry, Malaysia has imposed provisional      mary market for these products. However, the
          Iantidumping duties (ADDs) on polyethylene            steep tariff on Indonesian PET exports could sig-
          terephthalate (PET) imports from China and In-        nificantly affect trade between the two nations.
          donesia. Effective from 7 January, the Ministry
          of Investment, Trade, and Industry (MITI) an-         The duties are set for a period of no more than
          nounced that these measures aim to prevent            120 days, with  a final  determination  expected
          further injury to local manufacturers.                by 6 May 2025. Malaysia initiated its investiga-
                                                                tion into PET imports from these countries on 9
          The duties range from 6.33% to 37.44%, with           August 2024, following concerns over dumping
          Chinese exporters such as Jiangsu Hailun Petro-       practices that threatened local manufacturers.
          chemical, Far Eastern Industries (Shanghai), and
          Jiangsu Xingye Plastic facing levies between          This  decision  aligns  with  Malaysia’s  broader
          6.33% and 11.74%. Meanwhile, all PET imports          strategy to regulate trade practices and foster a
          from Indonesia will be subjected to a significant-    competitive industrial landscape. The final ruling
          ly higher ADD rate of 37.44%.                         will determine whether these provisional meas-
                                                                ures become permanent, potentially reshaping
          A breakdown of the imposed duties reveals the         PET trade dynamics in the region.
          following:
                                                                                                   Source: The Hindu
          ♦   Far  Eastern  Industries  (Shanghai),  China  –
             6.33%

          ♦   Jiangsu Hailun Petrochemical, China – 11.74%


             22   PLASTICS NEWS                                                                  February 2025
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