Trade watchdog to recommend antidumping duties on Chinese, Taiwanese industrial material

Korea's trade watchdog, the Korea Trade Commission, has concluded that imports of solid sodium hydroxide from China and Taiwan have harmed the domestic industry. This decision will likely lead to the imposition of antidumping duties, which are taxes on imported goods deemed to be sold at unfairly low prices. The recommended duties range from 3.66 percent to 38.89 percent, depending on the exporter.

Why it matters

Korea's trade watchdog is recommending antidumping duties on Chinese and Taiwanese industrial materials, which could limit their exports. This move could also lead to retaliatory measures from China and Taiwan, affecting Korea's trade relations.

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