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Taiwan:EU lifts anti-dumping tax on Taiwanese Polyester
Staple Fibres |
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2005-3-21
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The European Union has announced the lifting of an anti-dumping tax on polyester staple fibers from Taiwan starting March 18, Bureau of Foreign Trade officials said Friday.
The E.U. decided to lift the tax, which was imposed Dec. 16, 1988, after the dumping margin of Taiwanese exporters dropped below 2 percent, the officials said.
According to official statistics, Taiwan exported polyester staple fiber products worth US$90 million to E.U. nations in 2004, accounting for 0.38 percent of Taiwan''s total exports.
The officials said the lifting of the anti-dumping tax will help enhance the competitiveness of Taiwan''s polyester staple fiber products in the E.U. market.
While sparing Taiwan, the E.U. has decided to continue to impose anti-dumping taxes of between 5.7 percent and 10.6 percent on polyester staple fibers from South Korea, between 4.9 percent and 49.7 percent on those from China and 20.9 percent on those from Saudi Arabia, they added. |
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