Republic of Korea likely to maintain anti-dumping tariff on Malaysian plywood

Source:
ITTO/Fordaq
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The Republic of Korea’s Trade Commission has made a preliminary decision to extend anti-dumping duties on Malaysian plywood for another five years.

The Star reports that the commission concluded that the elimination of existing tariff barriers would enable the dumping of Malaysian plywood on the local market, thus hurting the Korean plywood industry.

With the decision, the Republic of Korea will impose antidumping tariffs on Malaysian plywood of 4.73–38.1%.

The commission has notified the Finance Ministry of its decision, and the latter will make a final decision in November.

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