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.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.