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SECEX (the Brazilian Secretariat of Foreign Trade) opened on 21 March 2024 a new antidumping investigation against Brazilian imports of polyester staple fiber (PSF) from China, India, Vietnam, Malaysia and Thailand, commonly classified under the NCM code 5503.20.90.
Polyester Staple Fibers (PSF) are widely used in the textile industry to produce a variety of products, such as general clothing, sheets, pillowcases, upholstery fabrics, carpets, ropes, tarpaulins, etc. Due to their strength, durability and ability to hold their shape, polyester fibers are also used in industrial applications such as conveyor belts and geotextiles for soil stabilization.
The full text of the SECEX Circular (in Portuguese) that opened the investigation can be accessed in this link.
Active participation of importers, exporters, and any other interested parties in the investigation could be decisive in securing a more favorable outcome. Interested parties may request to be admitted to the process until 10 April 2024[1], provided they demonstrate the extent to which they could be affected by the imposition of the antidumping duty.
In view of the provisions of the SECEX Ordinance No. 282/2023, a proceeding for the assessment of public interest would generally only occur after the trade defense investigation is closed (kindly find details on our Legal Alert on the subject).
The new investigation was initiated upon the request of the Brazilian Association of Producers of Artificial and Synthetic Fibers ("ABRAFAS"), on behalf of two of its associates, Ecofabril and Indorama, who amount to approximately 70% of the Brazilian production of polyester staple fiber.
China USD 467.64/t / 45%
Vietnam USD 385.25/t / 39.3%
Thailand USD 288.64/t / 26.9%
Malaysia USD 459.43/t / 49.1%
[1] 20-day deadline, pursuant to Article 45, paragraph third, of the Decree No. 8,058/2013, accounted for in a conservative manner.
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