Recently, four Indonesian yarn companies have applied to the Indonesian Anti-dumping Commission, requesting the imposition of additional tariffs on foreign yarn companies that participated in dumping activities between 2010 and 2012. The four companies are Asia-Pacific Fiber, Indorama Synthetics, Indorama Ventures, and Indorama Polyester Industries.
Adya Sudhir, President of Asia-Pacific Fiber Company, said that if dumping continues to be allowed to flourish, it will sacrifice the interests of domestic manufacturers and lead to an unfair trade situation.
These four companies call on the government to impose 15-20% anti-dumping duties on foreign companies involved in dumping. However, the Anti-Dumping Commission must conduct a comprehensive investigation before taking action. The anti-dumping committee report disclosed that the dumping margin (dumping margin) of filament yarn exporters in South Korea, China, Malaysia, Taiwan, Thailand, India and other countries and regions is about 0.5-20%.
Redma G. Wirawasta, secretary-general of the Indonesian Man-Made Fiber Association, said that we do not require the government to take trade protectionist measures. We are only promoting a fair trade environment in accordance with WTO principles.
It is reported that due to the dumping behavior of foreign companies, the losses of the Indonesian filament yarn industry gradually increased between 2010 and 2012. In these three years, Indonesian yarn sales fell by 4%, and its market share dropped from 94% in 2010 to 81.3% in 2012.
However, the Indonesian Anti-dumping Commission took a series of anti-dumping measures in 2013 and sent investigation confirmations of dumping behavior to many countries, causing the number of foreign yarn imports to drop from 10,000 metric tons to 66,000 metric tons.
It is understood that the total yarn output of Indonesian local yarn will reach 890,000 tons in 2014, which will be much higher than last year.
