PTFE exporters from India, China received unfair subsidies in US: Commerce Department

The US Commerce Department has determined that exporters of polytetrafluoroethylene (PTFE) from India and China received unfair subsidies in the US market and would have to pay based on the preliminary rates.

The PTFE is mostly used as a non-stick coating for utensils.

The US Commerce Secretary Wilbur Ross yesterday announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of a certain kind of nonflammable synthetic resin from China and India.

"The dumping of goods below market value in the United States is something the Trump Administration takes very seriously," Ross said.

Following a preliminary investigation based on a petition from Chemours Company, the Commerce Department determined that exporters from China and India have sold PTFE resin in the United States at 69.34 to 208.16 per cent and 18.49 per cent less than fair value, respectively.

As a result of this decision, Commerce Department will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of PTFE resin from China and India based on these preliminary rates.

In the India investigation, the Commerce Department assigned a preliminary dumping rate of 18.49 per cent for Gujarat Fluorochemicals Limited, the sole mandatory respondent in this investigation.

Commerce assigned a preliminary dumping rate of 18.49 per cent for all other producers and exporters of PTFE resin from India.