Trade watchdog to recommend antidumping duties on Chinese, Taiwanese industrial material
Korea's trade watchdog said Thursday it will recommend that the finance ministry impose antidumping duties on Chinese and Taiwanese solid sodium hydroxide after concluding that the imports had injured the domestic industry. The Korea Trade Commission (KTC) will recommend antidumping duties ranging from 3.66 percent to 22.21 percent on three Chinese exporters and a 38.89 percent duty on one…
The Korea Trade Commission (KTC) has announced its recommendation for the imposition of antidumping duties on solid sodium hydroxide imports from China and Taiwan, as it determined that the foreign products have damaged the domestic industry. The KTC will recommend duties ranging from 3.66 percent to 22.21 percent on three Chinese exporters, while a 38.89 percent duty will be imposed on one Taiwanese exporter.
Solid sodium hydroxide, also known as caustic soda, is a crucial material utilized across various industrial applications. Additionally, the KTC is currently investigating allegations that Chinese producers are dumping flat photographic plates in the Korean market. The commission aims to finalize its decision on this investigation in October.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
