S. Korea to extend tariff imposed on Malaysian plywood for next three years

KUCHING: South Korea’s anti-dumping duties imposed on Malaysian plywood will be extended for another three years if its Finance Minister endorses the recommendation from the Korean Trade Commission (KTC).

The KTC made the anti-dumping duties’ extension decision in late May following a three-month review of business practices by importers and suppliers of plywood products. The Finance Minister will make a decision within 50 days on receipt of the KTC’s recommendation, according to Korea’s Yonhap New Agency.