CV: Thailand Bottle-Grade PET Resin
The International Trade Administration (ITA) has issued a preliminary negative countervailing (CV) duty determination on bottle-grade polyethylene terephthalate (PET) resin from Thailand. The ITA states that it has preliminarily determined that countervailable subsidies are not being provided to producers and exporters of bottle-grade PET resin from Thailand.
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(According to the ITA's preliminary negative CV duty determination, the preliminary net subsidy rates for Thai Shinkong Industry Corporation Ltd. (0.09%), Bangkok Polyester Public Company Limited (0.57%), Indopet (Thailand) Limited (0.37%), and "all others" (0.26%), are all de minimis.)
As a result of this negative preliminary CV duty determination, the ITA is not directing U.S. Customs and Border Protection (CBP) to suspend liquidation of entries of bottle-grade PET resin from Thailand, or to require a CV cash deposit or bond for entries of such merchandise.
Final CV Determination Aligned with Companion Final AD Determination
The ITA states that at the request of the petitioners, the ITA is also aligning the final determination in this CV investigation with the final determination in the companion antidumping (AD) duty investigation.
(See ITA notice for more information, including the scope of the investigation. See ITT's Online Archives or 06/09/04 news, 04060950, for BP summary of the ITA's postponement of the preliminary CV duty determinations for subject merchandise from India and Thailand. See ITT's Online Archives or 08/12/04 news, 04081245, for BP summary of the postponement of the preliminary AD duty determinations for subject merchandise from India, Indonesia, Taiwan, and Thailand. See ITT's Online Archives or 04/21/04 news, 04042140, for BP summary of the initiation of the CV and AD investigations of subject merchandise from Thailand, as well as for the other countries mentioned above.
See ITT's Online Archives or 08/31/04 news, 04083139, for BP summary of ITA's preliminary affirmative CV duty determination for subject merchandise from India.)
| ITA Contact - | Thomas Gilgunn | (202) 482-4236 |
ITA notice (FR Pub 08/30/04) available at http://a257.g.akamaitech.net/7/257/2422/06jun20041800/edocket.access.gpo.gov/2004/pdf/E4-1976.pdf.
ITA fact sheet available at www.ita.doc.gov/media/FactSheet/0804/pet_resin_082404.html.