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Ministry of Foreign Affairs & Trade
2006-02-13 16:52
Seoul--(뉴스와이어)--The Ministry of Commerce of the People’s Republic of China made an official announcement on February 9, stating that it has ended an anti-dumping investigation into Ethylene Propylene Diene Mixture (EPDM) from Korea, the U.S. and The Netherlands, which was initiated in August 2004, and will refund subsidy payments made to Maritime Customs by importers following the preliminary decision made in November 2005.

It is determined that the Ministry of Commerce withdrew the above investigation based on the results of its final investigation that found the rise in the anti-dumping actual profitable margin rate to be low (3-5%).

In relation to this case, the Ministry of Foreign Affairs and Trade dispatched a task force on import restrictions to the Chinese Ministry of Commerce to request an early termination of the investigation on August 4, 2005. With the end of the anti-dumping investigation, it is expected that EPDM imports to China will increase.

* EPDM imports to China: 2004 (~USD790,000), Jan.-Nov., 2005 (~USD887,000)

* Importer: Kumho Polychem

The Ministry of Foreign Affairs and Trade will continue to cooperate with businesses and related ministries together with principal trading partners to counter unfair import restrictions.



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