The Korea Trade Commission in Sejong said Monday it reached an initial decision on January 18 to impose anti-dumping duties in the range of 3.67%-60.95% on polyethylene terephthalate film producers from Taiwan, Thailand, and the United Arab Emirates for five years.
The anti-dumping duty on Taiwanese companies has been tentatively set to 8.68% for each producers, including Shinkon Material Technology Co., Ltd. Thailand is expected to receive dumping rates of 3.71%, 3.67% and 3.68%, respectively, for A.J. Plast, Polyplex (Thailand) and other companies. Lastly, UAE PET film producers are due to receive among the highest dumping rates: 7.98%, 60.95% and 51.48%, respectively, for Flex Middle East FZE, JBF RAK and other producers.
The Korean Ministry of Finance is now tasked with reaching a final decision on the duties, which is expected within three months, according to the Korea Trade Commission, the country's trade watchdog.
The tariffs come after charges that these producers curtailed profits of local producing PET film companies.
PET film is widely used in packaging wrappers, bottle caps and other industrial applications.
