MTIB monitoring the impact of anti-dumping tariff
May 03, 2011. The Malaysian Timber Industry Board (MTIB) will be monitoring the timber trade between Malaysia and South Korea for the next few months following the imposition by South Korea of anti-dumping duties.
May 03, 2011. /Lesprom Network/. The Malaysian Timber Industry Board (MTIB) will be monitoring the timber trade between Malaysia and South Korea for the next few months following the imposition by South Korea of anti-dumping duties, ITTO reported.
The MTIB calculates that the Korean government has imposed an average 10% import tariff on Malaysian plywood.
South Korea was one of the biggest markets last year for Malaysian timber products such as veneer, plywood and sawn timber and in 2010 timber product exports to South Korea amounted to almost RM1 billion ($329 million).
The anti-dumping duties on plywood imports from Malaysia, ranging from 5% to 38%, were imposed in January this year.