Indonesia Intends To Carry Out Anti-Dumping Investigations On Yarn Exporters Such As China And South Korea

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"P >" foreign yarn is constantly pouring into the Indonesian market, and its low price makes the yarn born.

To this end, Indonesian yarn manufacturers have asked the government to conduct anti-dumping investigations against some foreign exporters.

Filament yarn exporters in South Korea, China, Malaysia, Taiwan, Thailand, India and other countries and regions may be affected.

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< p > Hugo net learned from the Indonesian Jakarta Post's report in July 4th that four recent yarn companies have applied to the Indonesian anti dumping Committee for additional duties on foreign yarn companies participating in dumping activities during the 2010-2012 years.

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< p > the so-called dumping is foreign a href= "//www.sjfzxm.com/news/index_c.asp" > exporter < /a > in order to sell its surplus products in the Indonesian market, the price of goods will be reduced to less than that of its own country.

Dumping poses a huge threat to local yarn producers in Indonesia, which will lead to a decline in sales of local yarn.

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< p > the four companies that levy anti sales tax are Asia-Pacific Fiber, Indorama Synthetics, Indorama Venture and Indorama Polyester Industries.

Adya Sudhir, President of Asia-Pacific Fiber, said: "if the dumping continues to be rampant, it will sacrifice the interests of domestic manufacturers and lead to unfair trade conditions."

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< p > these four companies call on the government to impose anti-dumping duties on 15%-20% for foreign companies involved in dumping.

However, after the anti-dumping Committee has to conduct a comprehensive investigation, it will take action.

The report of the anti dumping committee revealed that the dumping margin of filament yarn exporters in Korea, China, Malaysia, Taiwan, Thailand, India and other countries and regions was about 0.5%-20%.

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"We do not require the government to adopt trade protectionist measures. We are only promoting a fair trade environment based on the WTO principle," said Redma G. Wirawasta, Secretary General of the P.

Dumping is a great injury to the Indonesian yarn industry, which will lead to slower development of the industry than other regions, because the price of dumped products is much cheaper, leaving local yarn unattended in the market, he added.

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< p > there is news that the loss of Indonesian filament yarn industry has increased over the past 2010-2012 years due to the dumping behavior of foreign companies.

Over the past three years, Indonesian yarn sales have dropped by 4%, and the market share has dropped from 94% in 2010 to 81.3% in 2012.

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< p > however, in 2013, the Indonesian anti dumping Commission adopted a series of anti-dumping measures, sending many countries a dumping investigation confirmation, which led to the decline in foreign yarn imports from 10 thousand tonnes to 66000 tonnes.

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< p > it is understood that the total yarn production of "a href=" //www.sjfzxm.com/news/index_p.asp "> Indonesia" /a "and local yarn will reach 890 thousand tons in 2014, a lot more than that of last year.

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