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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 53
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

South Korea , Malaysia , plywood , anti-dumping duties ,

   

Next In Business News

The rise of online financial fraud in Malaysia
Cybersecurity experts share their views
Letter to the editor
Dutch Lady losing dividend appeal
Currencies crack as dollar dominates
Stable currency is a must for the economy
Persistent overhang
Kechara Soup Kitchen set for expansion
Making peanut butter cool again
The winding road to a 15% global minimum tax

Others Also Read