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JAPAN'S TEXTILE MAKERS SEEK ANTI-DUMPING DUTY ON POLYESTER FIBER.

AsiaPulse News

| March 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, March 1 Asia Pulse - Teijin Ltd. (TSE: 3401), Toray Industries Inc. (TSE: 3402) and three other textile makers announced Wednesday they formally asked the Ministry of Finance to levy an anti-dumping duty on certain types of short polyester fiber manufactured by South Korean and Taiwanese rivals.

If approved, the tax would mark the second case of anti-dumping action in the textile sector, following similar moves against Pakistani cotton thread.

The move comes just two days after Japanese towel makers urged the Ministry of Economy, Trade and Industry to invoke the so-called safeguard clause - an emergency measure to limit imports when a surge in imports is found to be injuring domestic industries - ...

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