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Taiwan imposes anti-dumping duty on steel products from 6 countries
01/03/2017 12:00
The Ministry of Finance (MOF) has decided to impose an anti-dumping duty on galvanized steel products imported from China and South Korea, and on carbon steel plate from those two and another four countries, retroactive to Aug. 22, 2016.
The five-year anti-dumping duty will be at rates between 4.02 percent and 80.5 percent, the Customs Administration under the MOF said in a statement released Tuesday.
The six counties subjected to the tariff are mainland China, Brazil, India, Indonesia, South Korea and Ukraine, the statement said.
Last year, six local steel companies, including Kaohsiung-based China Steel Corp., brought up two complaints against steel product imports from the six countries. As a provisional measure, the MOF moved to levy dumping duty on the foreign steel mills involved from Aug. 22 that year.
The MOF and the Ministry of Economic Affairs (MOEA) concluded an investigation into the complaints early this year, determining the alleged dumping practices to be a fact and to have caused harm to Taiwan's steel industry.
The decision to levy the anti-dumping duty was reached after the MOEA found there is no evidence that the measure will impact the country's economic interests, the statement said.
The duty will remain in effect until Aug. 21, 2021, the MOF said.
The five-year anti-dumping duty will be at rates between 4.02 percent and 80.5 percent, the Customs Administration under the MOF said in a statement released Tuesday.
The six counties subjected to the tariff are mainland China, Brazil, India, Indonesia, South Korea and Ukraine, the statement said.
Last year, six local steel companies, including Kaohsiung-based China Steel Corp., brought up two complaints against steel product imports from the six countries. As a provisional measure, the MOF moved to levy dumping duty on the foreign steel mills involved from Aug. 22 that year.
The MOF and the Ministry of Economic Affairs (MOEA) concluded an investigation into the complaints early this year, determining the alleged dumping practices to be a fact and to have caused harm to Taiwan's steel industry.
The decision to levy the anti-dumping duty was reached after the MOEA found there is no evidence that the measure will impact the country's economic interests, the statement said.
The duty will remain in effect until Aug. 21, 2021, the MOF said.
Feb 21, 2017
Source: Focus Taiwan
Source: Focus Taiwan
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