29 September 2010 12:00 [Source: ICIS news]
LONDON (ICIS)--The EU has terminated anti-dumping proceedings against polyethylene terephthalate (PET) from Pakistan, Iran and the United Arab Emirates (UAE), and has announced definitive anti-subsidy measures, the European Commission said on Wednesday.
“Today the anti-subsidy measures become definitive for five years starting tomorrow. The antidumping duty [case] is closed,” a Commission spokesperson said.
Anti-subsidy duties (ASD), also known as countervailing duties, for PET from Iran were set at €139.70/tonne ($189/tonne). Pakistan was now subject to ASD of €44.02/tonne and PET from UAE would continue to incur an ASD of €42.34/tonne.
Provisional ASD's were imposed on 1 June for a period of four months. The same date saw the provisional ADD being imposed for a period of six months.
The Commission's provisional ADD was applicable to UAE only at a rate of €54.80/tonne and a provisional countervailing duty was imposed on Iran at €142.97/tonne, Pakistan at €83.64/tonne and UAE at €42.34/tonne.
The ADD investigation, which covers the period 1 July 2008 to 30 June 2009, was launched on 3 September 2009 following a complaint by the PET Committee of Plastics Europe.
($1 = €0.74)
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