Mexico’s Ministry of Economy is currently reassessing the anti-dumping duty applied to imports of polyester filament yarn (PFY) from India and China, categorised under tax number 5402.33.01.
This review has been prompted by a reevaluation of the circumstances which initially led to the imposition of the duty. The Ministry has concluded that the closure of the applicant's operations in September 2023 has altered the landscape, potentially rendering the domestic PFY industry unaffected by imports from India and China.
The applicant, who had initially requested the imposition of anti-dumping duties back in 2020, ceased operations in 2023, further prompting the Ministry's review.
During the course of this review, the Ministry will carefully consider whether it is appropriate to maintain, modify, eliminate, or reapply the definitive countervailing duty on imports of PFY from China and India.
To provide context, Mexico had initiated an anti-dumping investigation into polyester filament yarn originating from these two countries on March 31, 2020. Subsequently, on September 29, 2021, Mexico issued a final affirmative ruling on the matter, deciding to impose an anti-dumping tax of US $0.532 per kg.
However, due to the adverse impact of the COVID-19 pandemic on the Mexican textile industry, the implementation of these anti-dumping duties was postponed for one year.
Following the expiration of this extension, Mexico proceeded to impose the anti-dumping duty. Nonetheless, in light of the closure of the applicant's factory, the Ministry has opted to revisit the matter and undertake a thorough review of the anti-dumping duty's applicability.
