Ministry of Trade, Industry and Energy [Photo=Ajou Economic DB]
The Trade Commission of the Ministry of Trade, Industry and Energy has determined that domestic industries have suffered due to low-priced dumping exports of European polyvinyl chloride (PVC) paste resin (PSR) and has decided to recommend the imposition of anti-dumping duties of up to 31.55% to the government.
During its 473rd plenary session on May 21, the Trade Commission concluded that the dumping exports of PVC paste resin from Germany, France, Norway, and Sweden have caused significant harm to the domestic industry, including a decline in market share and a sharp drop in operating profit margins. The commission voted to recommend the imposition of anti-dumping duties.
Specifically, the commission proposed anti-dumping duties of 30.60% to 31.55% on German products, 31.55% on French products, 25.79% on Norwegian products, and 28.15% on Swedish products to the Minister of Economy and Finance.
PSR is widely used as a raw material in construction interior materials such as wallpaper and flooring, as well as in consumer goods like sofas and shoes, and industrial materials like tarpaulins and gloves. The government has been imposing provisional anti-dumping duties ranging from 25.79% to 42.81% since February, following a decision by the Trade Commission last December.
The meeting also included a decision to suspend the investigation into unfair trade practices related to patent infringement of connected electric vehicles. Previously, domestic company Value Innovation Partners filed a complaint alleging infringement of patents related to LTE base station search and connection technology, prompting the Trade Commission to conduct an investigation. However, the Patent Trial and Appeal Board invalidated the patent in April, and the parties involved have since filed a lawsuit to annul the ruling in patent court, leading the Trade Commission to temporarily suspend the investigation until the court's decision is finalized.
Additionally, the Trade Commission received a report on the initiation of an anti-dumping investigation into Chinese rebar used in automotive and construction machinery parts.
The Trade Commission's Trade Investigation Division has been reviewing the eligibility, representation, dumping facts, and domestic industry damage based on the application submitted by the domestic industry, in accordance with the Customs Act and World Trade Organization (WTO) anti-dumping agreements. The meeting reported that the initiation of the investigation is justified, and the Trade Commission accepted it as a formal agenda item.
The Trade Commission will conduct a preliminary investigation over the next three months, which can be extended up to five months if necessary. Following this, a three-month main investigation will determine the existence of dumping and the extent of industry damage, with preliminary results expected as early as September.
During its 473rd plenary session on May 21, the Trade Commission concluded that the dumping exports of PVC paste resin from Germany, France, Norway, and Sweden have caused significant harm to the domestic industry, including a decline in market share and a sharp drop in operating profit margins. The commission voted to recommend the imposition of anti-dumping duties.
Specifically, the commission proposed anti-dumping duties of 30.60% to 31.55% on German products, 31.55% on French products, 25.79% on Norwegian products, and 28.15% on Swedish products to the Minister of Economy and Finance.
PSR is widely used as a raw material in construction interior materials such as wallpaper and flooring, as well as in consumer goods like sofas and shoes, and industrial materials like tarpaulins and gloves. The government has been imposing provisional anti-dumping duties ranging from 25.79% to 42.81% since February, following a decision by the Trade Commission last December.
The meeting also included a decision to suspend the investigation into unfair trade practices related to patent infringement of connected electric vehicles. Previously, domestic company Value Innovation Partners filed a complaint alleging infringement of patents related to LTE base station search and connection technology, prompting the Trade Commission to conduct an investigation. However, the Patent Trial and Appeal Board invalidated the patent in April, and the parties involved have since filed a lawsuit to annul the ruling in patent court, leading the Trade Commission to temporarily suspend the investigation until the court's decision is finalized.
Additionally, the Trade Commission received a report on the initiation of an anti-dumping investigation into Chinese rebar used in automotive and construction machinery parts.
The Trade Commission's Trade Investigation Division has been reviewing the eligibility, representation, dumping facts, and domestic industry damage based on the application submitted by the domestic industry, in accordance with the Customs Act and World Trade Organization (WTO) anti-dumping agreements. The meeting reported that the initiation of the investigation is justified, and the Trade Commission accepted it as a formal agenda item.
The Trade Commission will conduct a preliminary investigation over the next three months, which can be extended up to five months if necessary. Following this, a three-month main investigation will determine the existence of dumping and the extent of industry damage, with preliminary results expected as early as September.
* This article has been translated by AI.
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