KTC calls for anti-dumping duties on printing paper

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KTC calls for anti-dumping duties on printing paper

Korea’s trade commission said Thursday it will call on the government to levy anti-dumping duties on coated printing paper from Japan, China and Finland to protect the local industry from being hurt by cheap imports.

The Korean Trade Commission (KTC) under the trade ministry launched the anti-dumping investigation in June at the request of Hansol Paper, Hankuk Paper and Hongwon Paper, which claimed the cheap imported goods led to company shutdowns and job cuts.

The commission suggested a 56.3 percent anti-dumping duty on Japanese products, the highest of the three nations, as Japanese suppliers didn’t submit related data. It proposed 9 to 12.1 percent duties on Chinese goods and 4.6 to 10.5 percent tariffs on Finnish paper.

The finance ministry will decide on the levels of duty within one month of the submission.

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