- May 20, 2020
- Posted by: Taapano Paradza
- Categories: Anti Dumping, Other News & Insights
Final anti-dumping duties on polyethylene terephthalate (PET) originating in or imported from China to South Africa and the rest of the SACU member countries have been gazetted. This comes less than two months after the Customs duty on the same product increased from 10% to 15%.
Out of the three cooperating Chinese exporters whose submissions were accepted, one is exempted from anti-dumping duties. The remaining two have duties of 26.26% and 28.26% while the countrywide or residual anti-dumping duty is 28.89%.
These anti-dumping duties have been implemented by the South African Revenue Service since yesterday, 19 May 2020. The duties have been imposed following an anti-dumping investigation initiated by the International Trade Administration Commission (ITAC) on 23 November 2018, at the request of Safripol, the local manufacturer.
Dumping occurs when a foreign company exports a specific product (in this case PET) into the Southern African Customs Union (SACU) market at a price lower than what the same product is sold in its home market (in this case China). If you want to learn more about anti-dumping and other trade protection instruments click here.