South Korea extends anti-dumping duties on Malaysian plywood for another five years

With the decision, South Korea will slap anti-dumping tariffs on Malaysian plywood from 4.73% to 38.1%. (File pic shows Malasian plywood quality tests before exporting)

KUCHING: South Korea’s Trade Commission has made a preliminary decision to extend the anti-dumping duties on Malaysian plywood for another five years.

The commission, which comes under South Korea’s Ministry of Trade, Industry and Energy, has concluded that if the existing tariff barriers are eliminated, the Malaysian plywood could be dumped into the local market, thus hurting the Korean plywood industry.