Ministry of Industry Extends Anti-Dumping Duties on Plywood from China, Vietnam, and Malaysia for 5 Years

Anti-dumping tariffs applied to imported plywood from China, Vietnam, and Malaysia will be extended for another five years.

The Trade Commission of the Ministry of Trade, Industry and Energy held its 447th meeting on the 18th and announced that, upon the request of the Korea Plywood and Board Association, it reviewed whether to extend the period of anti-dumping tariffs on plywood imported from these countries and made this decision.

Accordingly, anti-dumping tariffs ranging from 3.30% to 27.21% will be imposed on Chinese plywood, 7.15% on Chinese coniferous plywood, 9.78% to 31.28% on Vietnamese plywood, and 4.73% to 38.10% on Malaysian plywood for an additional five years.

These plywood products are imported domestically and used for concrete formwork, interior and exterior building materials, furniture, and interior decoration. Additionally, the Trade Commission decided to initiate an anti-dumping investigation on Chinese styrene monomer (SM) following applications from Hanwha TotalEnergies and Yeochun NCC.

SM is an essential petrochemical raw material used to manufacture synthetic resins and synthetic rubber found in home appliances. Hanwha TotalEnergies and Yeochun NCC filed complaints last month, claiming that Chinese SM is being imported at excessively low prices, causing damage. The Trade Commission dismissed the patent infringement claim regarding aerogel insulation materials filed by Aspen Aerogels in the United States.