Malaysia: Decision on antidumping duties postponed

23/08/2010 12:00 - 405 Views

In July, South Korea announced that a decision had been taken to impose antidumping duties on Malaysian plywood imports. However, on 2 August 2010, the Ministry of Finance and Strategy of the Republic of Korea announced a postponement of this decision until the South Korean Trade Commission in Malaysia has finalised its investigation. The final decision and a formal ruling will be made within the next 5 months.

Sarawak posts higher exports of logs and plywood in first half of 2010 In the first half of 2010, Sarawak exported 2.04 million cu.m of logs valued at RM974 million, according to the Sarawak Timber Industry Development Corporation. In comparison, exports were 1.62 million cu.m in volume worth RM794 million during the same period in 2009. India remains Sarawak’s main buyer of logs with a market share of 53% of the total volume exported, followed by China. The Sarawak State Government allows 40% of harvested logs to be exported and the balance of 60% allocated for downstream processing within Sarawak.

Sarawak’s exports of plywood were 1.46 million cu.m during the first half of 2010 compared to 1.18 million cu.m in the same period last year. Japan remains the major buyer of Sarawak plywood with imports worth RM939 million in the first half of 2010.

August 20, 2010

Source: www.ihb.de