U.S. Producers of PET Resin Applaud International Trade Commission Affirmative Preliminary Determination in Trade Cases Against Four Countries, Says Kelley Drye & Warren LLP

WASHINGTON, April 23, 2015 /PRNewswire-USNewswire/ -- The U.S. International Trade Commission (ITC) made a unanimous preliminary determination today that unfairly-traded imports of polyethylene terephthalate resin ("PET resin") are causing injury to U.S. producers. The preliminary injury determination means that the cases against imports from Canada, China, India and Oman will proceed.

DAK Americas LLC, M&G Chemicals and Nan Ya Plastics Corp. America, filed the petitions on March 10, 2015, charging that dumped imports of PET resin from Canada, China, India and Oman were causing material injury to the domestic injury. The domestic industry also filed countervailing duty petitions alleging that the governments of China, India and Oman provided significant subsidies to PET resin producers in each country.

As a result of the Commission's affirmative determination, the U.S. Department of Commerce will continue to conduct its investigations on imports of these products, with its preliminary countervailing duty determinations due on or about June 3, 2015, and its preliminary antidumping duty determinations due on or about August 17, 2015.

"This affirmative decision is an important first step in remedying the devastating injury that the flood of unfairly-traded imports of PET resin have had on the domestic industry," commented Paul Rosenthal, of Kelley Drye & Warren LLP, the lead trade counsel to the petitioners. 

Imports from the four target countries surged from 500 million pounds in 2012 to 750 million pounds in 2014.  The domestic industry stated that this import surge was driven by low import pricing that caused U.S. producers to lose significant sales and profits. 

PET resin is commonly used in the manufacture of carbonated soft drink, juice and water bottles, in food containers and as packaging for household, cosmetic, automotive and pharmaceutical products. 

DAK Americas LLC, M&G Chemicals and Nan Ya Plastics Corp. America are represented in these actions by Paul Rosenthal, Kathleen Cannon, David Smith and Brooke Ringel of the law firm Kelley Drye & Warren LLP.   

SOURCE Kelley Drye & Warren LLP

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