Turkey imposes temporary duty on POY due to upsurge from seven countries
Turkish Ministry of Economy to fight the evasion of POY products imports from seven countries – China, India, Malaysia, Indonesia, Taiwan, Thailand and Vietnam has announced imposition of provisional anti-dumping duty on partially oriented yarn (POY) with HS code 5402.46
The ministry said that the volume of imported POY increased considerably during January 1, 2010 to December 31, 2016. The measure would take effect until Turkey gives the final conclusion on an investigation of anti-dumping duty evasion. Turkish agencies have launched an investigation into the issue since February last year following a petition from Korteks Mensucat ve Sanayi Anonim Sirketi Company.
According to the data obtained from Turkish Statistical Institute, it was determined that POY imports had increased considerably, especially after 2010, the ministry said in an official communiqué.
The Turkish Ministry of Economy said the temporary duty was issued due to an upsurge in POY imports into the country in the 2010-2016 period.
Besides, some POY buyers are manufacturers of Drawn Textured Yarn (DTY) products. In November 2016, Turkey applied a high anti-dumping duty of over 72 % on polyester textured yarn imports from Vietnam.
The share of Turkish POY imports from the above mentioned seven countries was 99.1 per cent in 2014 and 2015, and it was 99.2 % in 2016. In terms of volume, it has increased from 159960807 kg in 2010 to 295789479 kg in 2016.
The anti-dumping duty on POY from India, Taiwan, Thailand and Vietnam will be 10.15 per cent, 14.3 %, 18.85 % and 36.28 % respectively. The duty on import of POY from China, Indonesia and Malaysia would be levied at USD 263 per ton, USD 120 per ton and USD 138 per ton respectively.
Previously, Turkey opened an anti-dumping probe into man-made yarn or synthetic staple fibres imported from Vietnam, Malaysia, Greece, Pakistan and Thailand. The country decided to levy duties of 19.48 – 25.25 % on Vietnamese products in five years starting from August 2014.
According to the Vietnam Cotton and Spinning Association, Turkey used to account for a third of Vietnamese yarn exports. However, local enterprises have promoted shipments to China and South Korea due to high anti-dumping duties imposed by Turkey in recent years.