Commerce Backs Continued Duties On Korean PET Film

Law360, New York (January 7, 2011, 5:08 PM EST) -- Following an expedited five-year review, the U.S. Department of Commerce came down Friday against revoking the anti-dumping duties on polyethylene terephthalate film from Korea.

Commerce’s International Trade Administration announced in the Federal Register that lifting the anti-dumping duties would likely lead Korean polyethylene terephthalate producers and exporters to dump their products in the U.S.

Good cause exists to continue the duties for another five-year period, Commerce said, and proposed anti-dumping rates of 13.92 percent for SKC Ltd. and 21.5 percent for all other South Korean producers....
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