Kuala Lumpur: Malaysia has imposed definitive anti-dumping duties on imports of Polyethylene Terephthalate (PET) from China, ranging from 2.29 per cent to 11.74 per cent, and from Indonesia at 37.44 per cent, effective today. The Investment, Trade and Industry Ministry (MITI) announced this move following the conclusion of its investigation into unfair trade practices.

According to BERNAMA News Agency, the anti-dumping investigation was initiated on August 9, 2024, under the Countervailing and Anti-Dumping Duties Act 1993 and its associated regulations. The investigation revealed that PET products from China and Indonesia were being sold in the Malaysian market at prices lower than their domestic selling prices in their respective countries, which resulted in significant harm to Malaysia’s domestic PET industry.

The duties will be enforced by the Royal Malaysian Customs Department over a five-year period, starting from May 7, 2025, and concluding on May 6, 2030. MITI stated that these measures aim to combat unfair trade practices and offer relief to the local PET industry. Interested stakeholders, including local producers, importers, exporters, and trade associations involved in the investigation, have the option to request access to the non-confidential version of the final determination report through a formal written application.

The ministry emphasized that this action highlights Malaysia’s dedication to safeguarding its domestic industries from unfair competition and maintaining a fair marketplace for local manufacturers.