China extends anti-dumping duties spandex imports

China extends anti-dumping duties on spandex imports

10:37 AM, 16th October 2012
China extends anti-dumping duties on spandex imports

BEIJING, CHINA: The Ministry of Commerce, China, informed that it will extend its anti-dumping duties on spandex yarn imported from Japan, Singapore, the US, Korea and Taiwan for another five years. The duties, effective from Saturday, will range from zero to 61 per cent, as per the ministry’s statement, reported Xinhua.

China first imposed anti-dumping duties on imported spandex in 2006 for five years. Further, the ministry launched an investigation on October 13, 2011 as to whether the anti-dumping duties could be lifted. As a result of the probe, the ministry decided to continue with the measure. There was a possibility of further dumping activities from these areas if the duties were lifted, prompting the ministry to extend anti-dumping measures for another five years, informed the Commerce Ministry.

Spandex yarn, known as Lycra in the textile industry, is a synthetic fibre. It is also known as elastane or polyurethane and is mainly used in producing clothes, swimming suits, sportswear, knitwear, underwear, socks and bandages for medical use.

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