Following a nine-month probe, South Korea’s Trade Commission has called for anti-dumping duties of 10.65% for five years against Vietnamese plywood products for causing damage to South Korean producers. In their ruling the commission concluded that Vietnamese products were imported below normal prices, resulting in a drop in domestic companies’ market share, employment and operating profit. The commission’s decision still requires the approval of the South Korea’s Minister of Strategy and Finance prior to year’s end.
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.
S. Korea makes final anti-dumping ruling against Vietnamese plywood