Polyester man-made staple fibers imported into the US are subject to global safeguard measures.

US President Joe Biden has issued a decision to apply global safeguard measures on Fine Denier Polyester Staple Fiber imported into the US.

Polyester man-made staple fibers imported into the US are subject to global safeguard measures.

US President Joe Biden has issued a decision to apply global safeguard measures on Fine Denier Polyester Staple Fiber imported into the US.

The United States imposes global safeguards on polyester man-made staple fiber products.

A source from the Department of Trade Defense ( Ministry of Industry and Trade ) said that this agency has just received a notice from the Permanent Delegation of Vietnam to the United Nations, WTO and other international organizations in Geneva about the US President, Joe Biden, issuing a decision to apply global self-defense measures on polyester man-made staple fiber products imported into the US.

Fibre products (HS code 5503.20.00 and classified under HS 5503.20.0025 or 9813.00.0520). This Decision will come into force from 23/11/2024.

The safeguard measure is applied in the form of a four-year import quota, with the import quota set at zero in the first year and increasing by one million pounds in each of the following three years.

The United States intends to conduct a midterm review of the measure before the end of the second year and expects to complete it no later than the midterm of the measure.

The investigation was initiated by the United States International Trade Commission (USITC) on February 28, 2024, following a petition from US manufacturers of polyester man-made staple fibers, including Fiber Industries LLC d/b/a Darling Fibers; Nan Ya Plastics Corp, America; and Sun Fiber LLC.

The plaintiff alleged that imports of polyester man-made staple fibers have increased sharply compared to domestic production and consumption, causing serious injury and affecting the domestic manufacturing industry.

According to USITC data, in the 2021-2023 period, the export turnover of investigated products from Vietnam to the US is approximately 5.9 million USD (in 2023 alone it is 5.2 million USD, ranking 8th among countries exporting to the US and accounting for 3% of the total import market share to the US).

Therefore, Vietnam is not on the list of some countries excluded from applying the measure.

Previously, in 2017, this product was subject to anti-dumping investigations by the US against Korea, India, China, Taiwan (China) and Vietnam; anti-subsidy investigations against China and India; but then Vietnam was excluded from the scope of the investigation at the request of the plaintiff.

Currently, products from the above countries/territories (except Vietnam) are still subject to anti-dumping/anti-subsidy taxes.

Source: https://baodautu.vn/xo-soi-staple-nhan-tao-tu-polyester-vao-my-bi-ap-dung-bi-phap-tu-ve-toan-cau-d230459.html