South Korea Extends for 5-years Anti-Dumping Tariffs on Plywood from China and Malaysia

Concluding that plywood products could be dumped into local markets when existing barriers are eliminated, South Korea’s Trade Commission on Thursday (8/20) made a preliminary decision to extend the anti-dumping tariffs on plywood products from China and Malaysia for five years. South Korea has been imposing such tariffs on Chinese and Malaysia since 2013 and 2011, respectively. With the decision, the country will slap anti-dumping tariffs ranging from 3.98% to 27.21% on Chinese plywood products. Tariffs on Malaysian goods will range from 4.73% to 38.1%, according to the Korea Trade Commission. Early this year, South Korea also made a similar decision on Vietnamese plywood products.

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Original Source:
S. Korea to extend anti-dumping tariffs on Chinese, Malaysian plywood