UK : European Union probes into Indian polyester fibres, reports FTA
An investigation has been initiated by the European Commission into the alleged dumping of Indian polyester spinning fibres in Europe, reported by a European trade body Foreign Trade Association (FTA). In response to a request made by French fibre association Comite International de la Rayonne et des Fibres Synthetiques (CIRFS), the Commission has taken steps to look into the matter. According to CIRFS, polyester producers of India have been selling their goods at cheaper rates in countries like China, Egypt, Indonesia, Syria, the Philippines and the US, which then export the fibres to European countries. The European Commission in September 2005 kept some short-term duties of 14.1 to 56.2 percent on Chinese-made polyester fibres permanent. The EU is also probing into the alleged dumping of leather shoes from China and Vietnam, and in short time duties may come into effect on these products as soon as at the starting of next year.
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