The Korean Trade Commission has made its final determination on its investigation into the dumping of biaxially oriented polyethylene terephthalate plastic film.
The Korean Trade Commission has made the final determination of the anti-dumping investigation of BOPET films originated in China and India and decided to recommend the Ministry of Strategy and Finance to levy the anti-dumping duty on such imports for five years.
With one exception the ADD rate for Chinese companies is between 8.93% and 23.6% and the ADD rate for Indian companies is between 10.4% and 25.32%.
The exception in China is KorFuwei Films for which the final determination set the ADD rate at 5.67% — versus 6.13% in the preliminary determination.
Xiaoan He, chairman and CEO of Fuwei stated that the ADD rate result from South Korea means Fuwei now enjoys a competitive advantage in exports. He said that Fuwei first entered the South Korean market in 2005 and since then had been focusing on delivering higher-valued specialty film products, which he believe is the main reason why their products were assessed a lower ADD rate in this case.
He added that Fuwei expected to use this competitive advantage to further penetrate the South Korean market.
The ADD rates are expected to become effective sometime in October 2008 when MOSF makes a formal announcement.
BOPET film is widely used to package food, medicine, cosmetics, tobacco and alcohol, as well as in the imaging, electronics, and magnetic products industries.
