By: Chang Chun-mao and Frances Huang
Taipei, June 24 (CNA) The U.S. Department of Commerce (DOC) has launched an investigation into allegations that synthetic fiber firms in Taiwan and other four countries were dumping their products on the U.S. market at unfairly low prices, according to the Ministry of Economic Affairs (MOEA).
The investigation will examine whether fine denier polyester staple fiber (denier PSF) exporters in Taiwan, China, Vietnam, South Korea and India had dumped their products on the U.S. market, causing material damage to American competitors, the MOEA said, citing a notice issued by the Department of Commerce on June 21.
The probe was launched after DAK Americas LLC; Nan Ya Plastics Corp., America; and Auriga Polymers Inc. filed petitions with the DOC and the U.S. International Trade Commission (USITC), requesting investigations into the alleged dumping.
On July 17 the USITC will issue a preliminary ruling on whether denier PSF exporters in the five countries had caused damage to American companies. [FULL STORY]