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The Southern India Mills’ Association

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10 exporters face Turkish duty on synthetic yarn export

Ten local exporters may face anti-circumvention duty on export of synthetic yarn to Turkey as the companies did not respond to an investigation initiated by the country in this connection. Turkish ministry of trade has recently issued the final notification report on circumvention investigation into alleged export of China-made synthetic yarn from Bangladesh and Nepal.
According to the report, 10 companies which are resident in Bangladesh or associated with the investigation did not respond to the investigation questionnaire in a duly and timely manner.
Only Well Mart Ltd provided necessary information and documents, and made cooperation, the report said.
Bangladesh Textile Mills Association leaders, however, said that the companies under investigation were not genuine spinners in the country. Turkey a few years back imposed anti-dumping duty on synthetic yarns and artificial staple fibre originated from China and some other countries.
In December 2017, the country initiated the anti-circumvention investigation against some traders of Bangladesh and Nepal who exported allegedly Chinese synthetic yarn and fibre using Bangladesh and Nepal as country of origin to avoid anti-dumping duty on the Chinese product imposed by Turkey.
In the investigation into the allegation, Turkey found that export of the product from Bangladesh increased to 3,510 tonnes in 2017 from 1,150 tonnes in 2015. The investigation team in an on–the-spot verification in July 9-10 this year found the information provided by the Well Mart Ltd authentic and did not perform any act to invalidate the measure. On the other hand, the remaining companies did not cooperate in the investigation and did not provide any information stating that they performed manufacturing, the report said.
The investigation team forwarded the report to the Board of Evaluation of Unfair Competition in Importation of Turkey to take final decision on the issue.
Members and officials of the Bangladesh Textile Mills Association said that Turkish authorities did not provide the names of the companies to the association. They said that they had information that some four to five China and Hong Kong-based companies having business in Bangladesh were doing such fraudulence. They don’t have spinning mills in Bangladesh but are exporting the product to Turkey after importing it from China, they said. No one of them is member of BTMA, they said. BTMA director, also managing director of Little Star Spinning Mills Ltd, Mohd Khorshed Alam told New Age that genuine Bangladeshi exporters were conducting export activities after taking endorsement from Turkey embassy in Dhaka, Bangladesh commerce and foreign ministries. So, the Turkish move will not hamper business of any guanine spinners in Bangladesh, he said.