KL duty move to hit Thai­land

The Nation - - AEC -

MALAYSIA has de­cided to im­pose a pro­vi­sional anti-dump­ing du­ties rang­ing from 7.27 per cent to 111.61 per cent on cold-rolled stain­less steel (CRSS) im­ports from China, South Korea, Chi­nese Taipei and Thai­land, ac­cord­ing to Ber­nama news agency.

In a state­ment on Wed­nes­day, the In­ter­na­tional Trade and In­dus­try Min­istry said the mea­sure would be ef­fec­tive not more than 120 days from yes­ter­day.

“The gov­ern­ment has com­pleted the pre­lim­i­nary anti-dump­ing in­ves­ti­ga­tion con­cern­ing im­ports of CRSS from these coun­tries and found that there are suf­fi­cient ev­i­dences to con­tinue with fur­ther in­ves­ti­ga­tion on the im­por­ta­tion of CRSS from the al­leged coun­tries,” Ber­nama quoted the min­istry as say­ing.The min­istry said the in­ves­ti­ga­tion had been ini­ti­ated in ac­cor­dance with the Coun­ter­vail­ing and Anti-Dump­ing Du­ties Act 1993 and Coun­ter­vail­ing and Anti-Dump­ing Du­ties Reg­u­la­tion 1994 on May 15.

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