S. Korea may extend anti-dumping duties on PET film from China, India
21/06/2019 12:00
South Korea's trade commission on Thursday decided to recommend the government extend anti-dumping duties on polyethylene terephthalate (PET) film imported from China and India, citing substantial damage to the local industry.
The Korea Trade Commission under the commerce ministry said it advised the financial ministry to set duties of 13.51 percent to 36.98 percent on PET film coming from the countries for the next five years.
Over the past three years, the South Korean government levied the tariffs of 7.42 to 36.98 percent imposed on such products.
PET film is used in manufacturing snack packages and materials for liquid crystal displays.
The South Korean market for PET films was estimated at around 800 billion won (US$686 million) in 2017, with products from the two countries accounting for roughly 10 percent. Locally made products took up 70 percent of the country's PET market.
The Korea Trade Commission under the commerce ministry said it advised the financial ministry to set duties of 13.51 percent to 36.98 percent on PET film coming from the countries for the next five years.
Over the past three years, the South Korean government levied the tariffs of 7.42 to 36.98 percent imposed on such products.
PET film is used in manufacturing snack packages and materials for liquid crystal displays.
The South Korean market for PET films was estimated at around 800 billion won (US$686 million) in 2017, with products from the two countries accounting for roughly 10 percent. Locally made products took up 70 percent of the country's PET market.
June 20, 2019
Source: Yonhap
Source: Yonhap
Các tin khác
- Việt Nam's steel industry must optimise technology, save energy to promote export to EU (27/03/2024)
- Take advantage of shrimp export opportunities right from early year months (27/03/2024)
- Good signs for Vietnam's rice exports (27/03/2024)
- Việt Nam urges Brazil to remove barriers for seafood to this market (27/03/2024)
- Pepper exports decline in both volume and value in two-month period (27/03/2024)