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Korea extends anti-dumping duties on Chinese plate glass

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Published : 2014-08-29 10:42
Updated : 2014-08-29 10:42

South Korea's trade commission said Friday that it has decided to impose anti-dumping duties on Chinese plate glass for another three years to help protect local manufacturers from price-cutting practices.

The Korea Trade Commission said it will keep anti-dumping duties of 15.22-36.01 percent on the Chinese products over the next three years.

"The decision will help local plate glass makers suffering from low-priced imports improve their competitiveness and production," the commission said.

The local plate glass market reached about 880,000 tons or 360 billion won ($354.7 million) in 2012.

The commission also has recognized damage to local producers of heat exchangers, cleansing soaps and sheet mask packs from the country's free trade agreement with the European Union, a move that will allow affected companies to receive state support. (Yonhap)