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Report: EU lets antidumping duties lapse on PET from 5 Asian countries, renews antisubsidy duty on PET from India

4:48 AM MDT | May 22, 2013 | Francinia Protti-Alvarez

The European Union decided during a plenary session at Strasbourg, France, to let lapse a set of antidumping duties on polyethylene terephthalate (PET), imposed in 2000 on product imported from India, Indonesia, Malaysia, Taiwan, and Thailand, according to a report from Bloomberg. The antidumping duties, renewed in 2007, had been slated to expire in February 2012. However, they remained in place during an inquiry potentially leading to a second extension, the report says. They will now be allowed to expire, following the European Union's decision. The expiring...

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