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EU slaps anti-dumping duty on glass fibre imported from China, Egypt

20 Jul '22

1 min read

Pic: 123rf.com

After the US ban on Xinjing cotton, European Union has slapped anti-dumping duty on import of glass fibre rovings yarn and fabrics from China and Egypt. According to a notification issued by Commission of Implementing Regulation (EU), glass fibre imported from China will attract up to 69 per cent Andi-Dumping Duty (ADD) from July 20, 2022.

Fabrics of woven and/or stitched continuous filament glass fibre rovings and/or yarns with or without other elements will come under the purview of anti-dumping duty, according to EU notification. Glass fibre based items fall under HS chapter 70. There will be 69 per cent duty on free-at-Union-frontier price except for a few companies with individual duty rate from 34 per cent to 37.6 per cent.

Similarly, 33 per cent duty is imposed on manufacturing companies based in Egypt.

Glass fibres are used as reinforcement of polymers in various fields such as aerospace, automobile, marine, sporting and leisure goods, and construction and civil engineering. One of the principal advantages of using glass fibres for reinforcement of polymers is their high performance.

Fibre2Fashion News Desk (KUL)