Malaysia to see more anti-dumping cases

29/10/2014 12:00 - 551 Views

KUALA LUMPUR: Malaysia expects to see more anti-dumping cases being initiated over the next few years, as companies use such a trade remedy to protect their business operations.

"We foresee an increase in the anti-dumping cases, but not exponentially," said the International Trade and Industry Ministry's (Miti) senior director, Mohamed Shahabar Abdul Kareem.

He estimated the number could go up to six cases a year, from around three to four per annum in the past.

The rise in the anti-dumping cases is attributable to more companies being aware of resorting to the trade remedy measure to fend off unhealthy competition, he told reporters here yesterday after attending a seminar on trade remedies.

"More companies are talking to us.When prices of raw materials go down, the industry feels the burden amid a supply glut, and companies are therefore exploring trade remedies as an option," Mohamed Shahabar said.

Trade remedy instruments, such as anti-dumping, countervailing and safeguards, are governed by the legal framework set down in the WTO, and accepted in Malaysia's trade practices.

Malaysia has initiated 27 anti-dumping cases since 1995, with Miti having to date this year, moved three cases involving hot rolled coils, polyethylene plastics and steel bars. – Bernama

Source: The Sun Daily