![]() "I think the BIS extension has little effect," the producer said, while adding that it was expected by the market. The recent developments have not flustered Chinese producers much, a PTA producer in China said. South Korean PTA was not available for India as most of it was exported to Turkey, the US and Europe, the producer added. With other markets not getting South Korean supplies, they may turn to China instead, the trader added.įurthermore, South Korean producers may not have the capacity to supply to India at the moment, a producer in North Asia said. Supplying to India may mean sacrificing on other export markets such as the US or Europe, a trader in South Korea said. While the Indian market may seem a lucrative option, some suppliers in South Korea are not too excited with the prospect of catering to India's PTA demand. "Seems like lots of Korean traders are hearing inquiries from India," a PTA producer in South Korea said. With China out of the race for now, India may have to turn to South Korea to fill in the gap for its PTA supplies, sources said. Suppliers in several other countries such as Taiwan, Indonesia, Thailand and South Korea have procured the certification, sources said. India had deferred the deadline for implementation of mandatory import certification for n-butyl acrylate and toluene by six months, S&P Global Commodity Insights reported earlier.Ĭhina has been one of the largest suppliers of PTA to India as domestic demand in the country continues to grow with local production unable to cater to the increasing consumption trends, traders said.įrom January to April 2023, India imported around 543,060 mt of PTA of which 336,953 mt, or around 62% was from China alone, data from India's Department of Commerce website showed. "QCO is imposed, there won't be any notice further as if there was an extension then we see notice otherwise not," a source in India said referring to the absence of any notice on the Department of Chemicals and Petrochemicals website. In the run up to the deadline, market participants were expecting an extension to be granted given the large volumes of PTA sourced from China. The BIS norms for PTA set in from June 22 after the Indian government did not extend the deadline for import certification, traders said. 13, 2020, but the United States Court of Appeals for the Ninth Circuit ordered a stay until further notice.Receive daily email alerts, subscriber notes & personalize your experience. The administrative trial was scheduled to begin on Oct. The final settlement was issued on June 11, 2020. On April 17, 2020, the Commission announced a proposed settlement with Safariland, which is one of the respondents and the parent company of VieVu. The Commission vote to issue the administrative complaint was 5-0. Before their merger, Axon and VieVu competed to sell body-worn camera systems that were particularly well suited for large metropolitan police departments. According to the complaint, Axon’s May 2018 acquisition reduced competition in an already concentrated market. Before the acquisition, the two companies competed to provide body-worn camera systems to large, metropolitan police departments across the United States. The Federal Trade Commission issued an administrative complaint challenging Axon Enterprise, Inc.’s consummated acquisition of its body-worn camera systems competitor VieVu, LLC. ![]() Many consumers affected by these practices are older and lower-income. The FTC also charges that the company has added surprise shipping and handling fees to the costs of products, misrepresented that ordering is “risk free,” used deceptive emails as part of its marketing campaign, and misrepresented its policies on selling users’ personal data to third parties prior to January 2019. ![]() In a complaint against PCH, the FTC charges that the company uses “dark patterns” to mislead consumers about how to enter the company’s well-known sweepstakes drawings and made them believe that a purchase is necessary to win or would increase their chances of winning, and that their sweepstakes entries are incomplete even when they are not. About the FTC Show/hide About the FTC menu itemsĪs a result of a Federal Trade Commission lawsuit, Publishers Clearing House (PCH) has agreed to a proposed court order will require it to pay $18.5 million to consumers who spent money and wasted their time, and make substantial changes to how it conducts business online.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items. ![]()
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