Press release

TRA opens review into polyethylene terephthalate from India

The TRA has initiated a new transition review into a countervailing measure on polyethylene terephthalate (PET) from India.

The Trade Remedies Authority has today (10 July 2024) initiated a transition review of a countervailing measure on polyethylene terephthalate (PET) from India.

PET is a type of plastic that is used to produce beverage bottles, make packaging for food products, and is used in textiles like clothing fabrics. In 2023, total imports of PET were worth over £200 million.

The TRA will be reviewing this measure, which was inherited from the EU, to determine whether it is still suitable for the UK’s needs. The current duties applied to PET from India range from 0% to 13.8%. 

The period of investigation for this transition review is 1 January 2023 to 31 December 2023. The injury period for the case is 1 January 2020 to 31 December 2023.

Businesses that may be affected by this investigation are encouraged to register their interest through the TRA’s online case platform (Trade Remedies Service) by 25 July 2024, to ensure that the TRA can consider all relevant data from UK industry that will determine if the existing measure should change.

You can follow all new case developments on the TRA’s public file

Notes to editors:

  • The Trade Remedies Authority is the independent UK body that investigates whether new trade remedy measures are needed to counter unfair import practices and unforeseen surges of imports.
  • The TRA is an arm’s length body of the Department for Business and Trade.
  • Countervailing measures are one of three trade policy tools to counter imports which are causing or threatening injury to domestic industry, the other two being anti-dumping and safeguard measures. Countervailing measures address imported goods which are being subsidised by foreign governments.
  • Trade remedy investigations were carried out by the EU Commission on the UK’s behalf until the UK left the EU. EU trade remedy measures of interest to UK producers were carried across into UK law when the UK left the EU and the TRA is currently reviewing each one to assess whether it is suitable for UK needs.
Published 10 July 2024