S. Korea to raise anti-dumping tariffs for 2 Chinese PET film companies
SEOUL: South Korea's trade watchdog decided on Thursday to raise anti-dumping tariffs on polyethylene terephthalate (PET) film products imported from two Chinese companies, citing the need to protect domestic companies' market share.
The Korea Trade Commission (KTC) said it made a final decision to increase anti-dumping duties on PET film products imported from China's Kanghui New Material Technology Co. to 7.31 percent from the current 2.2 percent, reports Yonhap news agency.
Duties on those imported from Tianjin Wanhua Co. will be hiked to 36.98 percent from the current 3.84 percent, it added.
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