Page 31 - Plastics News June - 2020
P. 31

US International Trade Court overturns ITC's           EU  recovery  package  must  centre  on  circular
          PET import determination                               economy says PCEP


             he US Court of International Trade has asked the        he Polyolefin Circular Economy Platform (PCEP) has
         TUS  International  Trade  Commission  (ITC)  to  re-   Tcalled for investment decisions taken by Member
                                                                 States,  the  EU  and
         review its determination on imports of polyethylene
                                                                 all economic actors,
         terephthalate (PET) resin from five countries. Initially,
                                                                 as  part  of  the  EU
         the  ITC  determined  that  imported  PET  from  Brazil,
                                                                 recovery package to
         Indonesia, Korea, Pakistan, and Taiwan did not harm
                                                                 b e   f o c u s e d   o n
         the sales and profits of the US producers. This decision
                                                                 d e l i v e r i n g   t h e
         was  overturned  by  US  Court  of  International  Trade
                                                                 circular  economy.
         Judge Gary Katzmann on 4 June. Judge Katzmann after     M a r k   V e s t e r ,
         examining  the  record  of  the  ITC's  2018  final      chairman  of  PCEP,
         investigation  on  PET  resin  from  the  five  countries   said: “Our members
         presented a 42-page opinion.                            r e m a i n   f u l l y
                                                                 committed  to  the
                                                                 t r a n s i t i o n   t o   a
                                                                 circular  economy
                                                                 for polyolefins, with
                                                                 all  the  activity
                                                                 across  the  value  chain  that  this  entails.  Maintaining
                                                                 healthy waste management and recycling sectors are
                                                                 critical stepping stones towards a more circular plastics
                                                                 value  chain.  We  need  to  invest  in  forward  looking
                                                                 infrastructure  that  will  accelerate  the  transition  to
                                                                 circularity.“ Market developments caused by the Covid-
                                                                 19 pandemic and hampered by the low price of virgin
                                                                 materials and low oil prices, are putting real pressure
                                                                 on business continuity for many actors in the polyolefin
          The court concluded that substantial record evidence   value chain.
          was not presented to support ITC's determination.      PCEP believes that in order to build Europe's recovery,
          Following this ruling, the ITC will re-review whether   all actions must be looked at in order to establish a level
          the  unfairly  traded  imports  harmed  domestic       playing  field  for  all  materials.  Investment  today  in
         companies. Domestic PET resin industry lead counsel     recycling  technologies,  and  better  collection  and
         Paul Rosenthal said: “The domestic producers and their   sorting infrastructure, is vital. Any loss of current and
         workers are gratified by the Court's decision and are    future capacity at these key points could slow down the
         hopeful that when the ITC reconsiders the case, it will   transition to the circular economy. According to Mark
         finally  approve  the  much-needed  relief  from  unfair   Vester, chairman of PCEP, the organisation's members
         imports that the industry so desperately needs.” As a   remain fully committed to the transition to a circular
         result, ITC will work on addressing the errors identified   economy for polyolefins, with all the activity across the
         by the court. The ITC will present its redetermination   value  chain  that  this  entails.  “Maintaining  healthy
         to the court within 90 days, or by 2 September. Judge   waste management and recycling sectors are critical
         Katzmann will consider the decision by ITC following a   stepping stones towards a more circular plastics value
         60-day period.                                          chain.  We  need  to  invest  in  forward  looking
                                                                 infrastructure  that  will  accelerate  the  transition  to
                                                                 circularity,” he urged.



            June  2020                                      31                                      Plastics News
   26   27   28   29   30   31   32   33   34   35   36