South Korea recommends antidumping tariffs on OPP films from China, Indonesia, Thailand

31-Oct-13

South Korea's trade commission has recommended imposing antidumping tariffs on oriented polypropylene (OPP) films from China, Indonesia and Thailand over the next five years, as per Yonhap. The decision follows an investigation launched in January. The Korea Trade Commission said it has recommended the government to impose antidumping duties ranging from 3.89-25.05% on Chinese products, tariffs of 4.43-5.98% on imports from Indonesia, and tariffs of 3.48-10.55% on Thai products over the next five years. The commission earlier said the combined market share of products from the three countries had more than doubled from 11.5% in 2009 to 24.2% in 2011. The local market for OPP film was at 327.2 billion won (US$307 million) in 2011. In addition to fresh punitive duties on OPP film imports, the commission has also recommended the government to extend the country's antidumping tariffs on polyester yarn from China, Taiwan and Malaysia.