Malaysia - South Korea slaps duties on Malaysian plywood

The Korean Trade Commission has imposed anti-dumping duties on the import of Malaysian plywood, ranging from 5% to 38%, for three years. The decision was based on a probe that nine Malaysian plywood exporters were allegedly selling their products below production cost. Malaysian plywood exporters got a temporary relief three months ago when South Korea decided to defer its anti-dumping duties by reversing an earlier ruling to slap punitive duties ranging from 5% to 34%. (StarBiz)