Wednesday 30 July 2014

JBF RAK under investigation by US for avoiding dumping duty | The National

JBF RAK under investigation by US for avoiding dumping duty | The National:



"US authorities are investigating a UAE-based packaging company for allegedly bypassing anti-dumping rules by exporting its goods through Bahrain.



JBF RAK, which is based in Ras Al Khaimah, is accused of shipping polyethylene terephthalate (PET) film, sheet and strip from its plant in the emirate and its affiliate in India to its subsidiary facility in Bahrain. From there the goods were exported to the United States, according to a US commerce department report dated July 18.



The US producers Polyplex USA and Flex USA claim the moves are allowing JBF RAK to circumvent an anti-dumping duty of 9.8 per cent slapped on the company’s shipments from the UAE in March last year. The US government imposed the tariff after a previous investigation said JBF RAK was selling its products too cheaply in the country."



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