Category

Countries

Indonesia Commences Anti-Dumping Probe on Polypropylene Copolymer Goods from Vietnam
Indonesia Commences Anti-Dumping Probe on Polypropylene Copolymer Goods from Vietnam

Indonesia Commences Anti-Dumping Probe on Polypropylene Copolymer Goods from Vietnam

  • 17-Aug-2023 5:41 PM
  • Journalist: Stella Fernandes

The Indonesian Anti-Dumping Committee (KADI) has recently taken a significant step in addressing potential trade imbalances by officially announcing the initiation of an anti-dumping investigation into Polypropylene Copolymer products originating from several countries, including South Korea, UAE, Malaysia, Singapore, and Vietnam.

These specific Polypropylene Copolymer products fall under the classification of HS code 3902.30.90. The driving force behind this investigation is PT Chandra Asri Petrochemical Tbk, a leading player in Indonesia's petrochemical sector. Chandra Asri holds a notable position within the industry, boasting an integrated facility equipped with cutting-edge technology. The crown jewel of their operations is Indonesia's sole Naphtha Cracker Plant, responsible for yielding high-quality Olefins and Polyolefins. In addition, Chandra Asri stands as the exclusive producer of Styrene Monomer and Butadiene within Indonesia.

As the investigation unfolds, Vietnamese enterprises, along with businesses hailing from the other countries under scrutiny for Polypropylene Copolymer products, will find themselves at the center of attention. They can expect to receive a comprehensive questionnaire from KADI in the near future. This instrument will serve as a crucial tool for gathering insights and information necessary for the investigation process. The expectation is that Vietnamese entities will respond diligently to the questionnaire or, if required, initiate consultation requests within the specified time frame stipulated by the investigating authority.

Inclusivity is a key principle guiding this investigation. Entities not directly named in PT Chandra Asri Petrochemical Tbk's request for the investigation, yet are eager to participate in the inquiry, are invited to do so. They are granted a 14-day window from the official announcement of the investigation's initiation to submit their participation requests. The cut-off date for these participation requests is set for August 27, 2023, accounting for Indonesian time zone regulations. These requests are to be formally presented to the Indonesian Anti-Dumping Committee.

To ensure equitable and well-guided participation throughout the investigative journey, Vietnamese enterprises engaged in the production and export of Polypropylene Copolymer products are encouraged to collaborate with distinguished legal firms specializing in anti-dumping regulations and trade remedies. This recommendation extends to both domestic and international contexts, ensuring that the enterprises are equipped with adept support for all interactions and communications with the Indonesian investigating authority.

One of the focal points of emphasis in this endeavor is the active and comprehensive cooperation expected from Indonesian enterprises throughout the investigative process. This entails aligning with the authority's stipulated requirements concerning information sharing and response timelines. Failure to adhere to these expectations could potentially result in unfavorable duty rates being imposed by Indonesia. Such outcomes might be construed as a lack of genuine collaboration.

The pursuit of fair-trade practices stands as the guiding principle behind this anti-dumping investigation by Indonesia. It reflects the nation's commitment to fostering equitable trade relationships and safeguarding its industries from the repercussions of potential unfair trade. As the investigation evolves, all involved parties are urged to diligently adhere to regulatory guidelines and engage constructively to ensure the transparency, integrity, and thoroughness of the inquiry process. This collaborative approach is poised to lead to a comprehensive and equitable resolution in the realm of trade dynamics.

Related News

European PP Market Witnesses Bearish Sentiments Midway Through September 2024
  • 20-Sep-2024 5:36 PM
  • Journalist: Emilia Jackson
Plastribution to Circulate DuCare Product in the UK and Ireland
  • 20-Sep-2024 12:09 PM
  • Journalist: Rene Swann
Uptick in the US Polypropylene Market Amid Stable Inventories and Reduced Hurricane Impact
  • 18-Sep-2024 2:44 PM
  • Journalist: Shiba Teramoto
LyondellBasell and Dacia Create Recycled Solution for the Renowned Duster Model
  • 17-Sep-2024 2:23 PM
  • Journalist: Harold Finch