South Korea Announces Preliminary Decision to Place Anti-Dumping Tariffs on Vietnamese Plywood

The South Korean Trade Commission (SKTC) is reporting that it has made a preliminary decision to place anti-dumping tariffs on plywood products from Vietnam, as they have seriously damaged the domestic industry. The SKTC has said that “We have concluded that there are sufficient shreds of evidence that Vietnamese plywood products were dumped in the country, having adverse impacts on the local industry.” The SKTC said it plans to request the country’s finance ministry impose tariffs of around 9.18% to 10.65% on plywood goods coming from Vietnam. The finance ministry will decide whether to implement anti-dumping tariffs within a month.