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India to halt antidumping probe on RI’s polyester staple fiber
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Trade Ministry International Trade Director General Oke Nurwan (Courtesy of/kemendag.go.id)
T
he Indian Directorate General of Anti-Dumping and Allied Duties (DGAD) has recommended to halt an antidumping investigation into polyester staple fiber imports from numerous countries, including Indonesia.
“This creates an opportunity for the Indonesian yarn industry to export more to India,” Trade Ministry International Trade Director General Oke Nurwan said in a written statement on Friday.
Polyester staple fiber is a synthetic material used in the textile, automotive and furniture industries because of its elasticity and strength.
The antidumping investigation began on Feb. 2, 2017, but recently the Indian government found that polyester staple fiber imports from Indonesia only accounted for 7 percent of supply in the Indian market and did not harm domestic industries.
In 2013, Indonesian polyester staple fiber exports to India amounted to just US$26,500. They reached a peak of $10.1 million in 2015 but then declined to only $6.1 million in 2016.
Meanwhile, from January-November 2017, the polyester staple fiber exports increased by 38.4 percent to $7.8 million from $5.6 million in the same period of 2016. (ami/bbn)
