On January 29, 2024, the Mexican Ministry of Economy issued an important announcement, officially announcing the launch of an anti - dumping investigation into polyethylene terephthalate (PET resin) originating from China. This move was in response to an application from Mexican local enterprises, aiming to investigate whether there is dumping behavior of Chinese - made PET resin and whether this behavior has caused damage to the Mexican domestic industry.

The products involved include virgin polyester resin with an intrinsic viscosity of not less than 60 ml/g (or 0.60 dl/g) and mixtures of virgin polyester resin with an intrinsic viscosity of not less than 60 ml/g (or 0.60 dl/g) and recycled PET. The TIGIE tariff numbers of these products in Mexico are 3907.61.01 and 3907.69.99.

The dumping investigation period of this case is set from July 1, 2022, to June 30, 2023, while the injury investigation period starts from July 1, 2020, and lasts until June 30, 2023. The announcement takes effect on the day following its release.

It is worth noting that according to relevant Mexican laws, the Mexican Ministry of Economy has the right to retroactively levy anti - dumping duties on the products involved that have been declared to Mexico within 90 days before the implementation of the provisional anti - dumping measures. This regulation means that even before the formal ruling, some imported goods may face additional financial burdens.

Interested parties can obtain the questionnaire by visiting the official website of the Mexican Ministry of Economy, sending an email, or going to the office of the Mexican Ministry of Economy in person to participate in the investigation process. These participation channels include:

Website: https://www.gob.mx/se/acciones-y-programas/industria-y-comercio-unidad-de-practicas-comerciales-internacionales-upci

Email: upci@economia.gob.mx

Address of the Ministry of Economy of Mexico: calle Pachuca No. 189, Col. Condesa, Planta Baja, C.P. 06140, Ciudad de México

As an important chemical product widely used in packaging materials, fiber manufacturing, etc., the launch of this anti - dumping investigation may have a significant impact on Chinese exporters of PET resin.

Original announcement:https://www.dof.gob.mx/nota_detalle.php?codigo=5715437&fecha=29/01/2024#gsc.tab=0