[ad_1]
The brand of the Ministry of Financial system and Finance is seen at Authorities Complicated Sejong, Jan. 6. Yonhap
Korea’s finance ministry mentioned Monday it has determined to boost anti-dumping duties on polyethylene terephthalate (PET) movie merchandise imported from two Chinese language firms following a reexamination.
Below the choice, duties on PET movie merchandise imported from Kanghui New Materials Know-how will probably be elevated to 7.31 % from the present 2.2 %, whereas these from Tianjin Wanhua will probably be topic to 36.98 % duties as a substitute of the present 3.84 %, in keeping with the Ministry of Financial system and Finance.
The federal government has imposed anti-dumping duties on Chinese language PET movies since Could 2023, however the ministry says imports from two suppliers have lately surged in each quantity and market share.
This marks the primary time the federal government has reexamined and adjusted anti-dumping duties on the request of home producers for the reason that World Commerce Group’s (WTO) anti-dumping settlement was launched in 1995, the ministry mentioned.
PET movies are extensively used throughout varied industries, together with packaging, electronics and vitality.
[ad_2]
