On June 17, 2014 the Malaysian International Trade and Industry Ministry (MITI) declared that it has conducted a preliminary investigation on imported products of polyethylene terephthalate from China, Indonesia and South Korea.
The petitioner of this proceeding alleges that polyethylene terephthalate products from China, Indonesia and South Korea have been dumped to Malaysia at a price well below the normal value of the products sold in the alleged countries. Thus, a material injury to the domestic industry of polyethylene terephthalate in Malaysia.
The domestic industry in Malaysia have consequently suffered a material injury. This is reflected by the fact that there were evidence of price undercutting, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.
After the preliminary investigation, the MITI will declare its finding. The finding of the MITI may be in the affirmative or in the negative. If the MITI subsequently finds sufficient evidence that there is dumping from the importing countries then the Malaysian government will issue a preliminary anti-dumping duty at a rate which is necessary to prevent further injury to the domestic industry of polyethylene terephthalate.