January 18, 2025 – Malaysia Imposes Anti-Dumping Duties on PET Resin from China and Indonesia
In a significant announcement, Malaysia’s Ministry of Investment, Trade, and Industry has imposed provisional anti-dumping measures on PET resin (Polyethylene Terephthalate, or PET) imported from China and Indonesia. Effective January 7, 2025, these countries will face a temporary anti-dumping tax ranging from 6.33% to 37.44% for a period of 120 days. The Malaysian Harmonized Tariff Code and ASEAN Harmonized Tariff Nomenclature for the products in question is 3907.61.00 00. This decision follows an application submitted by domestic producer Recron (Malaysia) Sdn. Bhd. on July 10, 2024, and an ensuing investigation. The final ruling is expected to be announced by May 6, 2025.
Moreover, the global landscape has witnessed numerous anti-dumping investigations against Chinese polyester products. AsiaMB has learned that Brazil initiated an anti-dumping investigation on December 27, 2024, into polyester fiber fabrics originating from China, with the MERCOSUR tariff codes covering multiple categories. This investigation was prompted by the Brazilian Textile Industry Union and covers the period of 2023 for dumping and 2021-2023 for injury.
Pakistan also launched an anti-dumping investigation in 2024 on polyester filament yarn from China, issuing a affirmative preliminary ruling in November of the same year to impose provisional anti-dumping duties on the products in question. In October 2024, Brazil imposed temporary anti-dumping taxes on polyester staple fibers from China, India, Vietnam, Malaysia, and Thailand, with China facing a higher tax rate.
Additionally, the United States has made a final safeguard ruling on imported fine denier polyester staple fibers, deciding to implement safeguard measures in the form of quantitative restrictions for four years, with quotas annually. The European Union, on the other hand, has issued an anti-dumping policy against Chinese PET/rPET, imposing specific anti-dumping duties on certain PET products imported from China over the next five years, with rates varying by exporting producer and reaching up to 24.2%.
Despite the numerous anti-dumping challenges faced by China’s polyester industry, its development prospects remain promising. Driven by the global economic recovery, Chinese polyester exports are expected to maintain a growth trend. Notably, China’s expansion plans in the coming years will account for a significant share of global new capacity additions, providing robust support for the sustained development of the polyester industry.