Korea to impose anti-dumping tariffs on Chinese offset printing plates
The Ministry of Trade, Industry and Energy in Sejong / Yonhap
The trade watchdog decided Thursday to impose anti-dumping tariffs of 3.6 percent to 7.61 percent on double-layered offset printing plates from China for the next five years, citing their damage to the Korean industry.
In March last year, printing plate firm Jeil CP filed a petition with the Korea Trade Commission, claiming that cheap imports of Chinese double-layered plates for offset printing have affected its business and the industry.
After a yearlong probe, the commission ruled that the plate imports from China "have been underpriced, which has caused substantial damage to the Korean market by bringing down local firms' sales volume and market prices," the commission said in a release.
"We've decided to suggest that the finance minister impose anti-dumping tariffs of 3.6-7.61 percent on the Chinese plates over the next five years," it added.
The minister is supposed to make a final decision before October, according to the commission official. (Yonhap)