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A notable decision came from the Ministry of Commerce at the time Saudi Arabia took steps to effectively ban the import of Turkish products.
In the ‘Communiqué on the prevention of unfair competition in imports’ signed by the Ministry of Commerce published today in the Official Gazette, “The national producer Petkim Petrokimya Holding A.Ş. Based on the application made by Originally from the Kingdom of Saudi Arabia Included in tariff statistics position 3901.10.90.00.11 a dumping investigation on ‘low density polyethylene’It was said to be open.
Turkey and Saudi Arabia from January to August 2020 exported 2.8 billion dollars. Turkey, while imports from these countries were $ 1.1 billion.
TURKEY LOW-PRICE DOMESTIC MARKET SELLS CLAIM
Dumping means that the exporting company sells its product at a lower price in the foreign market than in the domestic market.
Saudi Arabia product with the ex-factory price in the domestic market, the Ministry of Saudi Arabia states that they compare the export prices in Turkey, “issued with the normal value price at the same commercial stage as far as possible, in other words, it has been compared at the factory stage The calculated dumping margin has been determined to be above the negligible rate in Article 28 of the Regulation.” He said.
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MARKET ACTIONS INCREASED
Petkim’s statement on “property damage / threat of property damage and causation claim” included the following statements:
* The share of Saudi Arabia’s imports under investigation, both in absolute terms and overall, increased in 2019 compared to 2017 and in the first 6 months of 2020 compared to the first 6 months of 2018; At the same time, imports originating in that country were in 2019 compared to 2017 and in the first 6 months of 2020 compared to the first 6 months of 2019. Turkey has also been found to increase market share in the domestic market.
“FIYAT KIRDILAR”
* For the first 6 months of 2020, it was determined that imports from the country under investigation cut the prices of the domestic industry, but did not suppress it.
* In the evaluation carried out by using the information, documents and evidence provided by the domestic industry on the injury; the amount of domestic production and sales of the domestic industry in 2019 compared to 2017, unit domestic sales price, product profitability of domestic sales, Basic economic indicators such as total unit profitability, product cash flow, and capacity utilization rate were found to deteriorate. In addition, it was observed that some economic indicators such as the production amount of the domestic industry, the domestic unit sale price and the capacity utilization rate deteriorated in the first 6 months of 2020 compared to the first 6 months of 2019.
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DAMAGE TO PROPERTY
* Regarding the threat of pecuniary injury, it is observed that the unit prices of imports originating in Saudi Arabia decreased significantly in the period 2017-2019 and period 2018-2020 (6 months), and it is understood that said country has a position important in the global market in terms of capacity.
* In light of the evidence presented at the application stage and the determinations made on the basis of official import statistics, the alleged dumped import It was evaluated that the national production caused material damage / threat of loss in the economic indicators.
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