𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐚𝐜𝐭𝐬 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐝𝐮𝐦𝐩𝐞𝐝 𝐢𝐦𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐭𝐞𝐫𝐞𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐚𝐜𝐢𝐝

Today the Commission imposed anti-dumping duties on #imports into the #EU of terephthalic acid from the Republic of Korea and Mexico.

The definitive #antidumpingduties imposed on imports from Korea range from 6.1% to 13.3%, while imports from Mexico are subject to a duty of 24.1%. The imposition of the definitive duties follows an investigation which found that imports of #terephthalicacid from #Korea and #Mexico were entering the EU at dumped prices. This is causing injury to the EU’s own industry, which directly employs around 600 people in Belgium, Poland and Spain.

Terephthalic acid is a strategic commodity for the EU, because it is a raw material used to produce polyethylene terephthalate. In turn, PET is used to make plastic bottles, food packaging and fabrics – products with a role to play in helping the EU meet its recycling and sustainability targets.

The EU market for terephthalic acid is worth some €1.4 billion.

source : #Europeancommission