KUALA LUMPUR, April 25 (Bernama) -- Malaysia has decided to maintain the anti-dumping measure regarding imports of polyethylene terephthalate (PET) or commonly known as plastic resin originating or exported from Thailand.

This follows an administrative review initiated on Oct 14 last year on imports of the product from Taiwan, Indonesia, South Korea and Thailand upon the request from a domestic producer.

In a statement today, the International Trade and Industry Ministry said:

"The government has now completed the investigation and has confirmed the likelihood of continuation or recurrence of dumping and injury to the Malaysian domestic industry with respect of imports of PET originating or exported from Thailand, if the anti-dumping duties were removed."

The anti-dumping duties imposed are as follows:

Bangkok Polyester Public Co Ltd -- 5.33 per cent,

Indorama Chemical (Thailand) Co Ltd -- 49.25 per cent,

Indorama Polymers Public Co Ltd -- NIL,

Thai PET Resin Co Ltd -- 36.45 per cent,

Thai Shinkong Industry Corp -- 49.25 per cent, and

others -- 49.25 per cent.

The ministry said the Malaysian Royal Customs Department would enforce the collection of the definitive duties.

"The final measure will be in effect for five years from the day the government gazettes the final determination of the investigation", it said.

PET is used to make bottles for soft drinks and other consumer products.

2011-04-25 16:10

Source: mysinchew.com