Commerce Announces Final AD/CVD Rates on PET Resin
The Commerce Department announced its final affirmative antidumping duty determinations in investigations on polyethylene terephthalate resin from Canada, India, China and Oman, as well as final affirmative countervailing duty investigations for China and India, in an March 7 fact sheet (here). Commerce also found no illegal subsidization by Oman, and will issue no CV duty order for the country.
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The next step is the International Trade Commission’s final injury determination, currently scheduled for April 18. If the ITC finds injury, Commerce will make duties permanent by issuing AD duty orders on PET resin from Canada, India, China and/or Oman, and CV duty orders on China and/or India. Countervailing duty cash deposit requirements for China and India have expired, and will only take effect again if the International Trade Commission finds injury and Commerce issues a CV duty order.
International Trade Today will have more details on these final determinations when they are published in the Federal Register.