2 Taiwan chemical firms face anti-dumping tariffs in Brazil

Focus Taiwan
Date: 2016/12/02
By: Huang Chiao-wen and Frances Huang

Taipei, Dec. 2 (CNA) Two Taiwanese chemical firms have been imposed anti-dumping tariffs by Brazilian authorities after a final ruling pointed out that they sold polyethylene terephthalate (PET) resin at unfairly low prices in the Latin American country, the Ministry of Economic Affairs (MOEA) said Friday.

The MOEA said that Lealea Enterprise Co. (力麗) and Nan Ya Plastics Corp. (南亞) have been slapped with an anti-dumping tariff of 52.1 percent, a level which had been stated in a preliminary ruling issued by Brazil’s Council of Chamber of External Commerce (CAMEX).

The two Taiwanese firms faced the financial punishment since they failed to respond to the CAMEX’s questions raised during an investigation. The agency decided in its final ruling in November that the preliminary decision on the tariffs remained unchanged.

The tariff has become effective from Nov. 28 and will last for five years, the MOEA said.     [FULL  STORY]

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