The Korean Ministry of Trade, Industry and Energy's Trade Commission (hereinafter referred to as the Trade Commission) has been in charge since July 30, 2004.
It has been announced that anti-dumping duties on stainless steel stills bars produced in Japan, India, and Spain will end on January 22nd.
The Trade Commission found that in 2004, imported stainless steel stills bars entered South Korea at too low (dumped) prices.
Accepting the claims of South Korean industries such as SEA Changwon Special Steel (formerly POSCO Special Steel) that it threatens domestic industry, we have imposed a 15.39% reduction on three Japanese companies including Sanyo, as well as Indian and Spanish companies.
Anti-dumping duties have been imposed. After several retrials, the trial lasted for 20 years. However, these industries have not requested an extension of the anti-dumping duty measures this time.
In addition, the Trade Commission decided to automatically terminate this measure without further deliberation. Due to the 20-year anti-dumping tariff measures, the amount of Japanese imports will increase from 9,269 tons in 2003 to 4,303 tons in 2021.
It decreased by more than half. Moreover, the market share of Korean products has increased to over 50%. Along with this, the Trade Commission imposed a tax on stainless steel still bars produced in Taiwan and Italy starting from May 16, 2019.
It was announced that the anti-impinging tariff (9.47% to 18.56%) is scheduled to end on May 16th this year without any request from the industry for reexamination. Due to this measure, the amount of Taiwanese imports will increase to 11,001 in 2017.
It decreased by more than half from 0.054 tons to 4,322 tons in 2021. On the other hand, the governments of World Trade Organization (WTO) member countries, including South Korea, allow free trade between countries under international regulations, but
If imports with low dumping prices threaten domestic industries, countries should implement trade relief systems such as imposing anti-dumping duties and banning the import and export of products that infringe intellectual property rights, such as patents and trademarks.
There is. In 1987, the Korean government established the Trade Commission, which is affiliated with the Ministry of Industry, and has been fulfilling its role.
2024/01/21 21:32 KST
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