Govt'Lifts Anti-Dumping Duty for PET Products
21 March 2014 17:02 WIB
TEMPO.CO, Jakarta - The Indonesian government has decided to lift an anti-dumping duty (BMAD) on Polyethylene Terephthalate (PET) products from South Korea, China, Singapore and Taiwan.
Dumping is an activity where companies sell products at an extremely low price abroad than in their own domestic markets.
"The decision was made in consideration that the BMAD will have an impact on today's economic situation," Chief of Indonesian Antidumping Committee (KADI) Ernawati said on Friday, March 21, 2014.
Ernawati explained that on June 22, 2012, KADI received petitions from Indorama Synthetics, Indorama Ventures Indonesia and Polypet Karyapersada to investigate PET imports in form of dispersions, chips, resins and films, which were alleged as dumped goods that caused losses to the domestic industry. KADI later initiated an antidumping investigation.
KADI's investigation result was later reported in December 2012, revealing that the imported PET had caused a loss to domestic industry.