The government decided to impose anti-dumping duties ranging from 11.37% to 18.81% on stainless steel cold-rolled products imported from Vietnam.
The Ministry of Trade, Industry and Energy held its 459th Trade Committee meeting on the 23rd, where it deliberated and voted on a total of six items, including this.
The Trade Committee reported that the investigation into the related products revealed substantial damage to the domestic industry due to dumping and made a final determination accordingly. It has been decided to recommend the Minister of Economy and Finance to impose anti-dumping duties ranging from 11.37% to 18.81% for the next five years.
The Trade Committee also decided to recommend the imposition of provisional anti-dumping duties on sodium bisulfite from China and particleboard products from Thailand. The provisional anti-dumping duty rate for sodium bisulfite is 15.15% to 33.97%, while for particleboard, it is 11.82% to 17.19%.
However, this measure is a preliminary determination prior to the final decision. The Trade Committee will conduct a main investigation for about three to four months after the preliminary determination to analyze import prices, import volumes, and damage to domestic industries in detail, and will make a final judgment through collecting opinions from stakeholders and holding public hearings.
On the same day, the Trade Committee also announced the results of the investigation into patent infringement of toner cartridges and copyright infringement of mango jelly. It determined that in both cases, the respondents did not infringe the rights of the complainants and therefore did not constitute unfair trade practices. Regarding the investigation of trademark infringement related to tents and sleeping bags, the committee decided to conclude the investigation by accepting the withdrawal of the investigation requests from both parties.
The Trade Committee also received a report on the initiation of an interim review investigation of 'Chinese PET film' on that day. Previously, in May 2023, the committee had imposed dumping duties ranging from 2.2% to 36.98% on the product.
However, recent increases in import volumes and decreases in unit prices have raised suspicions regarding rising dumping rates. Consequently, four domestic companies, including KOLON Industries, have requested a review of the dumping rates against Tianjin Wanhua and Kanghui in China.
The Trade Committee plans to conduct an investigation over the next six months, and if it confirms that the dumping rate has indeed increased, it will recommend the Minister of Economy and Finance to apply the revised dumping rate until the end of the anti-dumping duty period in 2028.
Meanwhile, the Trade Committee held a public hearing on 'industrial damage due to dumping imports of stainless steel plates from China' on that day. The investigation started last September, and a provisional anti-dumping duty of 21.6% is currently imposed on the product. The Trade Committee is expected to make a final determination in the first half of this year after conducting on-site inspections domestically and internationally.