The European Commission is set to drop antidumping duties on imports of Chinese polyethylene terephthalate, after a review requested to extend the measures was withdrawn, an EC official said Thursday.
"The industry association withdrew the request for review of duties," the EC said. It said the current duties will stop by mid-February at the latest.
The EC currently has antidumping duties of up to 22.9% on imports of Chinese PET.
The development follows a request for review of the impending expiry of the antidumping measures filed by the Committee of Polyethylene Terephthalate Manufacturers in Europe (CPME) on June 29, 2015. The EU had previously announced the impending expiry of the measures in a notice dated March 5, 2015.
It remains unclear what motivated the CPME to withdraw its request. The industry body could not be reached for immediate comment.
Eurostat data showed that imports of PET from China between January and September stood at 15,964 mt, down 15% year on year.
That volume was small in comparison to the total of 704,859 mt of imported Chinese PET in the period.
