DGTR Raises ADD on Polyethylene Terephthalate Resin from Chinese Exporter Wankai New Materials Co., Ltd to $40.41 Per MT

The Directorate General of Trade Remedies (DGTR) has increased the anti-dumping duty on Polyethylene Terephthalate (PET) resin imported from Wankai New Materials Co., Ltd., a Chinese exporter, to $40.41 per metric ton. This decision follows an investigation that revealed the dumping of PET resin by the Chinese exporter, which was causing material injury to the domestic industry in India. The increased duty is intended to provide relief to the Indian PET resin industry by curbing unfair trade practices and ensuring a level playing field. The move highlights India’s commitment to protecting its domestic industries from the adverse effects of dumping while adhering to international trade regulations.