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Korea extends antidumping duties on Chinese plate glass

South Korea’s trade commission said Friday that it has decided to impose antidumping 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)
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