The Edge Financial Daily reported that Malaysia government has imposed provisional import duties of up to 20.09% on steel concrete reinforcing bars from Singapore and Turkey after finding sufficient evidence in its preliminary anti-dumping investigation.
The government will continue to impose anti-dumping duties on imports of fibre reinforced cement flat and pattern sheets (FCB) from producers/exporters from Thailand, said the Ministry of International Trade and Industry (MITI).
While protectionism is on the rise among some nations, most countries should “do what is right” rather than succumb to external forces, a professor from a top Beijing university said.
The move is aimed at allaying the domestic industry’s fears that any free trade agreement with China through RCEP (Beijing is a member) will result in massive dumping of highly-subsidised items, mostly diverted due to the ongoing trade war.
19 September, the U.S. Department of Commerce announced affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of acetone from Belgium, South Africa, and South Korea