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EU LIKELY TO REVOKE ANTIDUMPING DUTIES ON S. KOREAN PET CHIPS:.
SEOUL, Feb 1 Asia Pulse - The European Union (EU) is likely to revoke antidumping duties on polyethyrene trephthalate (PET) chips from South Korea, a trade body said Wednesday.
The European Commission, which levied antidumping tariffs on PET chips from four South Korean firms in December 2000, ranging from 2.82 euros (US$3.3) to 148 euros per ton, has cleared the South Korean firms of dumping accusations. The product is used in producing plastic bottles, video and films.
The imposition of the antidumping tariffs came at the request of European manufacturers claiming six Asian countries, including South Korea, Taiwan and India, had continued to violate anti-dumping regulations.
"European firms have apparently dropped their argument now, and it ...
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Source: HighBeam Research, EU LIKELY TO REVOKE ANTIDUMPING DUTIES ON S. KOREAN PET CHIPS:.