FACT SHEET
Commerce Preliminarily Finds Dumping of Imports of Polyethylene Terephthalate Sheet from Korea and Oman
• On February 26, 2020, the Department of Commerce (Commerce) announced its affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of polyethylene terephthalate sheet (PET Sheet) from Korea and Oman.
• The AD law provides U.S. businesses and workers with a transparent, quasi-judicial, and internationally accepted mechanism to seek relief from the market distorting effects caused by injurious dumping of imports into the United States, establishing an opportunity to compete on a level playing field.
• For the purpose of AD investigations, dumping occurs when a foreign company sells an imported product in the United States at less than fair value.
• In the Korea investigation, Commerce calculated a preliminary dumping rate of 8.02 percent for mandatory respondent Jin Young Chemical Co., Ltd. Commerce assigned a preliminary dumping rate of 52.01 percent to mandatory respondent Plastech Co., Ltd., based on total adverse facts available. This rate will also apply to companies that failed to respond to Commerce’s requests for information. Commerce assigned a preliminary dumping margin of 8.02 percent to all other producers/exporters in Korea.
• In the Oman investigation, Commerce calculated a preliminary dumping margin of 2.78 percent for mandatory respondent OCTAL SAOC – FZC (OCTAL). Commerce assigned a preliminary dumping margin of 2.78 percent to all other producers/exporters in Oman. Commerce assigned a preliminary dumping margin of 2.78 percent to all other producers/exporters in Oman.
• As a result of the preliminary affirmative determinations, Commerce will instruct U.S. Customs and Border Protection (CBP) to require cash deposits for imports of PET sheet from Korea and Oman based on these preliminary rates.
• The petitioners are Advanced Extrusions, Inc. (Rogers, MN), Ex-Tech Plastics, Inc. (Richmond, IL), and Multi-Plastics Extrusions, Inc. (Hazleton, PA).
• The scope of these investigations is listed in Appendix I.
• In 2018, imports of PET sheet from Korea and Oman were valued at an estimated $90.0 million and $208.3 million, respectively. More →
https://enforcement.trade.gov/download/factsheets/factsheet-multiple-pet-sheet-ad-prelim-022620.pdf
