Threat of EU anti-dumping measures likely to reoccur - lawyer

08 October 2010 01:34  [Source: ICIS news]

ARTIMINO, Italy (ICIS)--Exporters into the EU are likely to be confronted again with anti-dumping (AD) and anti-subsidy (AS) measures over the next five years, a speaker at a polyethylene terephthalate (PET) industry forum said on Thursday.

Philippe de Baere, a trade lawyer with the firm Van Bael & Bellis, who was one of the speakers at Global Service International’s (GSI) eighth annual “PET day” in Artimino, Italy said, “AD and [AS] measures will continue in future”.

The EU terminated anti-dumping proceedings against PET from Pakistan, Iran and the United Arab Emirates (UAE), and announced definitive AS duties on 29 September. 

AS duties for PET from Iran were set at €139.70/tonne ($194/tonne). Pakistan was now subject to AS duties of €44.02/tonne and PET from UAE would continue to incur an AS duty of €42.34/tonne.

The next exporters to see action against them would probably be Oman and with expansion plans in Saudi Arabia and Russia, these areas were also likely to be impacted, according to de Baere. 

GSI CEO Francesco Zanchi.commented, “Oman increased [its exports to Europe] but for how long? I would be very surprised if the European producers don’t ask for measures against Iran.

None of the existing AD and AS duties in other regions were up for expiry any time soon.

Having failed to invest in new European capacities, European PET producers had been forced to try to protect their business as Europe moved towards structural shortage, according to de Baere. 

At the same time customers “bombarded” the EU with arguments against imposing restrictions on imports.

There were 11 out of 27 countries in support of the proceedings, six opposed them and 10 abstained which counted as votes in favour of the proceedings.

“I have never seen a case with such strong mobilisation of users against these measures,” de Baere explained. 

($1 = €0.72)

For more on PET visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Caroline Murray
44208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index