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Review of antidumping duty on Chinese titanium dioxide
23
Oct '10
Seoul's trade regulator on October 19 stated that, South Korea is soon to launch an review of the anti-dumping duty imposed on imported Chinese pigments, which have been alleged to be affecting the domestic markets.

The Korea Trade Commission said that, it has been considering Cosmo Chemical Company's appeal to bring Chinese titanium dioxide and its products within the coverage of anti-dumping duties. Last year, the material amounting to 90 billion won (US$79.3 million) was sold in local markets.

Cosmo, which holds monopoly in producing the material, averred that in spite of punitive duties, low priced imports from China has continued to negatively impact its operations, and if these duties are withdrawn after March 2011, it may give rise to many adversities.

Titanium dioxide anatase is a pigment which is used in printing textiles.

As stated by a commission constituted under the Ministry of Knowledge Economy, after a thorough inspection it has been resolved that a complete review is required to find out if the Chinese firms are still persisting with those unfair practices.

South Korea for the first time imposed anti-dumping duties on Chinese produced titanium dioxide in 2005 when the antidumping duty varied between 4.82-23.08 percent based on the producer and subsequently raised it to 4.86-23.08 percent in 2008.

Fibre2fashion News Desk - India

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