Korea to impose antidumping tariffs on Thai seamless copper pipes
Korea's finance ministry said Friday it will impose antidumping tariffs on seamless copper pipes imported from Thailand after its investigation found the imports had caused damage to the domestic industry. The Ministry of Finance and Economy said it decided to impose antidumping duties ranging from 4.93 percent to 8.41 percent on Thai seamless copper pipes, following an investigation launched at…
The Korea Finance Ministry has announced plans to impose antidumping tariffs on seamless copper pipes imported from Thailand, following an investigation that found these imports had caused harm to the domestic industry. The tariffs, ranging from 4.93 percent to 8.41 percent, will be effective from September 11, 2024. Seamless copper pipes, crucial in various appliances like air conditioners and refrigerators, constitute around 8 percent of the domestic market valued at approximately 600 billion won ($432 million) in 2024.
This move aims to bolster the domestic industry, which has been struggling due to dumped imports, and foster a fair competitive environment.
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- Korea to impose antidumping tariffs on Thai seamless copper pipes koreatimes.co.kr
