Union Government imposes definitive anti-dumping duty on PTA imports from South Korea & Thailand

The Ministry of Finance has imposed definitive anti-dumping duty on all imports of Purified Terephthalic Acid (PTA) from South Korea and Thailand. PTA is primary raw material in the manufacture of polyester chips, which in turn are used in a number of applications in textile, packaging, furnishings, consumer goods, resins and coatings. The latest action comes in less than a month after the Designated Authority came up with its final findings on the sunset review.