Processing .....please wait.. 
The article has been forwarded.... 
U.S. withdraws dumping case on Indian PET resin
By agencies
|
Wednesday, 20 April 2005, 19:30 IST
WASHINGTON:In a significant decision, the United States has terminated countervailing and anti-dumping investigations on imports of polyethylene terephthalate (PET) resin from India.
The U.S. International Trade Commission (USITC) rejected the local PET resin industry's plea to impose anti-dumping duties against Indian imports in a 5-1 vote, saying it found no reasonable indication that such imports hurt domestic industries.
With the decision, the U.S. Customs Service will lift anti-dumping and countervailing duties, which were temporarily imposed by the U.S. Department of Commerce pending this final determination, in the next few days.
The negative preliminary ruling came yesterday after a stiff fight and in the end the ITC determined that U.S. imports of PET resin from India did not injure or threaten future injury to the American PET resin industry.