{"id":86457,"date":"2020-02-05T15:26:29","date_gmt":"2020-02-05T09:56:29","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13515"},"modified":"2020-02-05T15:26:29","modified_gmt":"2020-02-05T09:56:29","slug":"purified-terephthalic-acid-pta","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/purified-terephthalic-acid-pta\/","title":{"rendered":"Purified Terephthalic Acid (PTA)"},"content":{"rendered":"\n<p><strong>News:<\/strong> Finance Minister, in her budget speech has said that the government was abolishing an anti-dumping duty that was levied on imports of Purified Terephthalic Acid (PTA)<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About Purified Terephthalic Acid<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is a chemical used to make various products, including polyester fabrics.&nbsp;<\/li><li>It makes up for around 70-80% of a polyester product like polyester staple fiber and spun yarn<\/li><li>The anti-dumping duty on PTA was imposed after two domestic manufacturers, approached the Directorate General of Trade Remedies (DGTR) in 2013.<\/li><\/ul>\n\n\n\n<p><strong>Additional Information:<\/strong><\/p>\n\n\n\n<p><strong>Anti-Dumping Duty:<\/strong> It is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.<\/p>\n\n\n\n<p><strong>Directorate General of Trade Remedies:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It was established in 2018 and functions under the Ministry of commerce and industry.<\/li><li>It subsumed the Directorate General of Anti-dumping and Allied Duties, Directorate General of Safeguards and some functions of the Directorate General of Foreign Trade.<\/li><\/ul>\n\n\n\n<p><strong>Functions:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Administer all trade remedial measures including anti-dumping, countervailing duties and safeguard measure.<\/li><li>Provide trade defense support to the domestic industry and to exporters in trade remedy investigations instituted by other countries.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: Finance Minister, in her budget speech has said that the government was abolishing an anti-dumping duty that was levied on imports of Purified Terephthalic Acid (PTA) Facts: About Purified Terephthalic Acid It is a chemical used to make various products, including polyester fabrics.&nbsp; It makes up for around 70-80% of a polyester product like&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/purified-terephthalic-acid-pta\/\">Continue reading <span class=\"screen-reader-text\">Purified Terephthalic Acid (PTA)<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4020],"class_list":["post-86457","post","type-post","status-publish","format-standard","hentry","category-economy","tag-purified-terephthalic-acid","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700787692,"cached_date":1704829854},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86457"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86457\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}