China Charges India with Antidumping Fines for PTA Imports
10:43 AM MDT | August 16, 2010 | Ian Young
China has imposed definitive antidumping duties of 2%-20% on imports of purified terephthalic acid (PTA) from Korea and Thailand. The MInistry of Commerce (Mofcom; Beijing) announced the duties today and says they will be in force for five years. The decision follows an investigation that began in February 2009 and the imposition of provisional antidumping duties earlier this year. The investigation found that Chinaâ€™s PTA industry suffered â€śsubstantial damageâ€ť as a result of the dumping, Mofcom says. Korean PTA producers affected by the duties include...
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