Most Popular
-
1
NewJeans terminates contract with Ador, embarks on new journey
-
2
Ador claims exclusive contracts with NewJeans still valid
-
3
Heavy, wet snow to fall more often this winter
-
4
SNU professors join growing movement calling for Yoon's resignation
-
5
Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
-
6
N. Korea launches 32nd wave of trash balloons, anti-S. Korea leaflets
-
7
‘NewJeans are no longer under Ador,’ says legal expert
-
8
NewJeans leave for Japan shows day after unilaterally terminating contract with Ador
-
9
[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
-
10
Will Min Hee-jin reunite with NewJeans?
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
China’s anti-dumping tariffs on Taekwang unrelated to THAAD: Foreign Ministry
By Korea HeraldPublished : July 14, 2016 - 16:30
[THE INVESTOR] The Korean government has denied that China’s decision to slap a 4.1 percent anti-dumping tariff on acryl fabrics produced by Taekwang Industrial was in retaliation for its proposal to deploy an advanced anti-missile system here.
“The measure is unrelated to Seoul’s decision to deploy the Terminal High Altitude Area Defense or THAAD system,” the Ministry of Foreign Affairs said on July 14.
China’s Trade Minister began reviewing anti-dumping measures for acryl fabrics produced in South Korea, Japan and Turkey in July 2015. In a preliminary decision announced on April 1, China had set the tariff at 6.1 percent.
In addition, China levied 16.1 percent anti-dumping tariffs on three South Korean companies that did not cooperate with China’s review.
Last year, South Korean companies exported US$19 million worth of acryl fabrics to China, the majority of which was accounted for by Taekwang.
According to Seoul’s Foreign Ministry, Turkish acryl fabrics are now subject to 8.2 percent anti-dumping tariff. While the rate for Japanese firms is about 16 percent.
By Choi He-suk (cheesuk@heraldcorp.com)
“The measure is unrelated to Seoul’s decision to deploy the Terminal High Altitude Area Defense or THAAD system,” the Ministry of Foreign Affairs said on July 14.
China’s Trade Minister began reviewing anti-dumping measures for acryl fabrics produced in South Korea, Japan and Turkey in July 2015. In a preliminary decision announced on April 1, China had set the tariff at 6.1 percent.
In addition, China levied 16.1 percent anti-dumping tariffs on three South Korean companies that did not cooperate with China’s review.
Last year, South Korean companies exported US$19 million worth of acryl fabrics to China, the majority of which was accounted for by Taekwang.
According to Seoul’s Foreign Ministry, Turkish acryl fabrics are now subject to 8.2 percent anti-dumping tariff. While the rate for Japanese firms is about 16 percent.
By Choi He-suk (cheesuk@heraldcorp.com)
-
Articles by Korea Herald
