On 28 November 2023, the Government of Turkiye initiated an anti-circumvention investigation on transmission belts (V-belts), excluding those with V-grooves, under the Harmonized System Codes (HS Code) of 4010.32, 4010.34 and 4010.39, originating from Malaysia (“products”).
 
The investigation commenced following a petition filed by Bando Kayış Sanayi ve Ticaret A.Ş (“Petitioner”).
 
The Petitioner alleged that imports of the products from Malaysia are being used to circumvent the existing anti-dumping measures against the People’s Republic of China. The purpose of the investigation is to rectify the ineffectiveness of the original anti-dumping measures.
 
The import data further showed that the import of the products from Malaysia was 315 MT (USD 1.2 million) in 2020, 797 MT (USD 3.2 million) in 2021 and 1,022 MT (USD 4.7 million) in 2022. Specifically, for the period of January to September of 2022 and 2023, the import of the products was 817 MT (USD 3.7 million) and 838 MT (USD 3.8 million) respectively. During the investigation period, the unit prices for imports of the products from Malaysia were as follows: USD3.80/kg, USD4.10/kg, USD4.50/kg, and USD4.50/kg. The import of the products from Malaysia increased by 153% in 2021 compared to 2020, and further increased by 28% in 2022. The import data for the first nine months of 2023 indicates a rising trend on the imports of the products.
 
Interested parties have 37 days to respond from the date of notification of the initiation of the investigation.Top of Form
 
 
Please contact Ms. Lim Koon Huan (Partner),  Mr. Manshan Singh (Partner) and Ms. Lim Shu Yi (Pupil) our Anti-Dumping and Trade Remedies Practice Group for further information.