Turkish authorities decides that the POY products imported from Viet Nam will be subject to an anti-tax avoidance tax of 8 per cent on cost, insurance and freight (CIF) price when being exported to the Turkish market. — Photo ndh.vn

Turkey’s General Directorate for Imports has issued its final decision to impose anti-dumping duties on Partially Oriented Yarn (POY) imported from China, India, Malaysia, Indonesia, Taiwan, Thailand and Viet Nam, according to the Viet Nam Competition Authority.

The Turkish Ministry of Economy launched a preliminary investigation in February last year on POY imported from the seven markets from January 1, 2010 to December 31, 2016, following a petition from Korteks Mensucat ve Sanayi Anonim Sirketi Company.

The ministry concluded that there was a significant increase in POY imports that reduced the effect of anti-dumping measures on polyester fibers.

As a result, the Turkish authorities decided that the POY products imported from Viet Nam would be subject to an anti-dumping tax of 8 per cent on cost, insurance and freight prices. — VNS