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NTC criticized for imposing anti-dumping duties on yarn

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Anti-dumping duties on yarn
Anti-dumping duties on yarn

The Pakistan’s National Tariff Commission (NTC) has been criticised by the Pakistan Yarn Merchants Association (PYMA) for imposing anti-dumping duties of about 3.25 and 11.35% on import of polyester filament yarn (PFY) from China and about 6.35% on imports of these products from Malaysia. Three-fourths of the domestic requirement of such yarn is based on the imports.

The net requirement of such yarn, per annum, of small and medium-sized units manufacturing art silk fabric is more than 220,000 million tonnes.  According to some officially made statements, the anti-dumping duties on PFY imports is the result of maladministration and mismanagement in the commission and shows that decisions are not taken keeping in view the impact on downstream user industry. Art silk fabric is used by Pakistani women of middle and low-income classes and these duties impact their buying capacity, said was so to the media in an official statement.