South Korea to Impose Antidumping Tariffs on Thai Copper Pipes
Hızlı Bakış
- South Korea's trade watchdog will impose antidumping tariffs of 4.93%-8.41% on Thai seamless copper pipes, citing damage to the domestic industry.
- Provisional duties have been in place since March.
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South Korea's trade watchdog has concluded that imports of Thai seamless copper pipes have caused material injury to the domestic industry, leading to the decision to impose antidumping tariffs.
SEJONG, June 18 (Yonhap) -- South Korea's trade watchdog on Thursday decided to impose antidumping tariffs on Thai seamless copper pipes after its probe found that the imports had caused damage to the domestic industry.
Under the decision, the Korea Trade Commission will ask the Ministry of Finance and Economy to impose antidumping tariffs ranging from 4.93 percent to 8.41 percent on imports.
Seamless copper pipes are commonly used in air conditioners, refrigerators, and heating and cooling systems due to their high corrosion resistance and thermal conductivity.
"(Imports of Thai seamless copper pipes) have negatively affected domestic producers' market share and operating profits, causing material injury," the commission said.
South Korea has been imposing provisional antidumping duties ranging from 3.64 percent to 8.41 percent since March following the commission's preliminary ruling in January.
Seoul launched the investigation in September last year.
Açık Sorular
- Will Thailand retaliate with its own tariffs?
- What is the projected impact on consumer prices?
