Peru lifts antidumping duties on Chinese textiles

LIMA - Peru is lifting the antidumping duties levied on Chinese blended fabrics, the South American country's competition watchdog said Friday.

The cancellation goes into effect on Saturday, concerning rayon-viscose and cotton-fiber fabrics among others, the National Institute for the Defense of Competition and Intellectual Property Protection said in a statement.

The antidumping duties imposed on Chinese textiles were introduced in 2009 by the Peruvian Anti-Dumping and Subsidies Commission. The commission ordered a review of the measure in March 2012.

Peru and China have signed a free trade agreement. The agreement, which went into effect in 2010, has promoted bilateral trade.