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Economy

Japan mulls anti-dumping duty on Chinese PET plastic

Probe could lead to tariff reaching 54%

Mitsui Chemicals operates this plant in Chiba Prefecture. The company and three others asked the Japanese government to investigate whether Chinese plastics exports are sold at unfairly low prices.

TOKYO -- Japan is considering imposing an anti-dumping duty on Chinese exports of a type of plastic used in beverage bottles.

In a probe tentatively concluded by Friday, the finance and trade ministries have determined that polyethylene terephthalate, commonly abbreviated as PET, is being sold at unfairly low prices and is harming Japanese businesses. A final decision on a tariff could be made by year-end.

The probe began at the request of Mitsui Chemicals and three other domestic manufacturers. A Finance Ministry panel will hold hearings later on to interview Chinese businesses.

If no improvements are seen, Japan could impose duties of up to 54%, in accordance with World Trade Organization rules.

Chinese PET exports to Japan hit roughly 364,000 tons in fiscal 2015, up more than 40% from fiscal 2013. Japan currently applies no import tariffs on PET from China.

(Nikkei)

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