Latest news with #CountervailingandAnti-DumpingDutiesAct1993
The Star
a day ago
- Business
- The Star
Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel
KUALA LUMPUR: The government has found sufficient evidence that imports of galvanised iron or steel coil and sheet products from China, South Korea, Vietnam, were brought into the country at dumped prices. The Ministry of Investment, Trade and Industry (MITI) said in a statement that this preliminary determination in the anti-dumping duty investigation was made under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. "Therefore, the government has decided to impose a provisional anti-dumping duty, in the form of a bank guarantee, equivalent to the identified dumping margin in the preliminary determination, ranging from 3.86 per cent and 57.90 per cent on imports of the subject merchandise from China, South Korea, and Vietnam, to prevent further material injury to the domestic industry during the investigation. "The imposition of temporary anti-dumping duties will be effective for a period not exceeding 120 days, starting from July 7, 2025, and a final determination will be made on or before Nov 3, 2025," it said. According to MITI, the government initiated the anti-dumping investigation on Feb 6, and based on this preliminary determination, the investigation will proceed. The probe, conducted under the Countervailing and Anti-Dumping Duties Regulations 1994, was initiated following a petition filed by CSC Steel Sdn Bhd. The petitioner, representing the local industry producing similar products, alleged that the subject goods originating from the China, South Korea, and Vietnam were imported into Malaysia at prices lower than those in their respective domestic markets, causing material injury to the Malaysian industry. However, MITI stressed that interested parties, including importers, producers, foreign exporters, or relevant associations, are invited to provide comments or views on the preliminary determination report. Submissions must be made no later than July 14, 2025. "Interested parties may obtain the non-confidential version of the Preliminary Determination report via the Trade Remedies Investigation Management (TRIMA) system at said MITI. - Bernama
New Straits Times
a day ago
- Business
- New Straits Times
MITI imposes anti-dumping duty on steel imports from China, Vietnam, Korea
KUALA LUMPUR: The government has decided to impose a provisional anti-dumping duty on imports of certain galvanised iron or steel coil and sheet products from China, South Korea and Vietnam. The Investment, Trade and Industry Ministry (MITI) said the decision to impose the duties, in the form of a bank guarantee and ranging from 3.86 to 57.90 per cent, was made after preliminary investigations found sufficient evidence that these imports were brought into Malaysia at dumped prices. In a statement today, the ministry said the preliminary finding was made under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. "As such, the government has decided to impose a provisional anti-dumping duty, in the form of a bank guarantee, equivalent to the dumping margin identified in the preliminary determination, ranging from 3.86 to 57.90 per cent on imports of the subject merchandise from China, South Korea and Vietnam, to prevent further material injury to the domestic industry during the investigation. "The imposition of temporary anti-dumping duties will be effective for a period not exceeding 120 days, starting from July 7, 2025. "A final determination will be made on or before Nov 3, 2025," it added. MITI said the government initiated the anti-dumping investigation on Feb 6 and, based on the preliminary findings, the investigation will continue. The probe, conducted under the Countervailing and Anti-Dumping Duties Regulations 1994, was launched following a petition filed by CSC Steel Sdn Bhd. The petitioner, representing the domestic industry producing similar goods, alleged that the products originating from China, South Korea and Vietnam were imported at prices below their respective domestic markets, causing material injury to Malaysian manufacturers. MITI said interested parties, including importers, producers, foreign exporters and relevant associations, are invited to submit their comments or views on the preliminary determination report. Submissions must be made by July 14. it said.
New Straits Times
07-05-2025
- Business
- New Straits Times
Anti-dumping duties for PET plastics imposed on Chinese, Indonesian firms
KUALA LUMPUR: The government has imposed a five-year anti-dumping duty on polyethylene terephthalate (PET) plastic imported from China and Indonesia, effective today. Indonesian exporters are set to face 37.44 per cent duty while for Chinese exporters duties range between 2.29 and 11.47 per cent depending on the company, with Far Eastern Industries (Shanghai) Ltd. subjected to a 4.58 per cent duty. According to the Investment, Trade and Industry Ministry (MITI), an investigation was initiated on 9 August 2024, after Recron (M) Sdn Bhd lodged a petition on behalf of local PET producers. This followed a determination by the Ministry which concluded that domestic PET producers had suffered material injury from underpriced imports. The anti-dumping duty, aimed to safeguard the local industry from unfair trade practices, would be enforced by the Customs Department from May 7, 2025 to May 6, 2030, under the Countervailing and Anti-Dumping Duties Act 1993. "With the imposition of anti-dumping duties on the imports of subject merchandise from the alleged countries, it is expected that the issue of unfair trade practices will be addressed," MITI said in a statement.
The Sun
07-05-2025
- Business
- The Sun
Anti-dumping duties imposed on PET imports from China, Indonesia
KUALA LUMPUR: Malaysia has imposed definitive anti-dumping duties on imports of Polyethylene Terephthalate (PET) from China (from 2.29 per cent to 11.74 per cent), and Indonesia (37.44 per cent), effective today. The Investment, Trade and Industry Ministry (MITI) said this came after the conclusion of its months-long investigation into unfair trade practices. The anti-dumping investigation, initiated on Aug 9, 2024, was conducted under the Countervailing and Anti-Dumping Duties Act 1993 and its associated regulations. The ministry said the investigation concluded that PET from China and Indonesia had been entering the Malaysian market at prices below the domestic selling prices in the respective exporting countries, causing material injury to Malaysia's domestic PET industry. 'These duties will be enforced by the Royal Malaysian Customs Department for a five-year period, starting May 7, 2025 and ending May 6, 2030. 'The imposition of these duties is expected to address the issue of unfair trade practices and provide relief to the domestic PET industry,' said MITI. Interested parties, including local producers, importers, exporters, and trade associations involved in the investigation, may request access to the non-confidential version of the final determination report by submitting a formal written application. The ministry added that the move underscores Malaysia's commitment to protecting its domestic industries from unfair competition and ensuring a level playing field for local manufacturers.
The Star
07-05-2025
- Business
- The Star
Malaysia imposes anti-dumping duties on PET polymer imports from China, Indonesia
KUALA LUMPUR: Malaysia has imposed definitive anti-dumping duties on imports of Polyethylene Terephthalate (PET) from China (from 2.29 per cent to 11.74 per cent), and Indonesia (37.44 per cent), effective today. The Investment, Trade and Industry Ministry (MITI) said this came after the conclusion of its months-long investigation into unfair trade practices. The anti-dumping investigation, initiated on Aug 9, 2024, was conducted under the Countervailing and Anti-Dumping Duties Act 1993 and its associated regulations. The ministry said the investigation concluded that PET from China and Indonesia had been entering the Malaysian market at prices below the domestic selling prices in the respective exporting countries, causing material injury to Malaysia's domestic PET industry. "These duties will be enforced by the Royal Malaysian Customs Department for a five-year period, starting May 7, 2025 and ending May 6, 2030. "The imposition of these duties is expected to address the issue of unfair trade practices and provide relief to the domestic PET industry,' said MITI. Interested parties, including local producers, importers, exporters, and trade associations involved in the investigation, may request access to the non-confidential version of the final determination report by submitting a formal written application. The ministry added that the move underscores Malaysia's commitment to protecting its domestic industries from unfair competition and ensuring a level playing field for local manufacturers. - Bernama Trading ideas: Capital A, FGV, Malakoff, LFE, Hektar REIT, Favelle Favco, Life Water, Ivory, Masteel, Ygl, Jetson, Hartalega, Heineken, UOA REIT, Dufu
