South Korea prolonged anti-dumping measures against ethyl acetate in China for 3 years

On March 26, 2012, the Ministry of Finance of South Korea stated that South Korea will continue to extend anti-dumping duties on ethyl acetate from China, Singapore and Japan for three years to protect local producers. It is said that from March 26, 2012, punitive tariffs of 3.14% to 14.17% will be imposed on ethyl acetate from China, Singapore, and Japan until March 26, 2015.

On August 25, 2008, South Korea made an affirmative final ruling on the anti-dumping case against ethyl acetate from China, Singapore and Japan, and imposed a tariff of 5.81% to 14.17%, that is, from August 25, 2008 to August 24, 2011. . Ethyl acetate is an industrial solvent commonly used in the production of paint, glue and nail polish products. Korean chemical producers own about 44% of its domestic ethyl acetate market.

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