EU MINISTERS APPROVE ROPES AND CABLE ANTIDUMPING DUTIES FOR SOUTH KOREAN EXPORTERS
April 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has approved a European Commission proposal erasing a trade loophole that has enabled Chinese exporters to the European Union (EU) of steel ropes and cables to evade an anti-dumping duty by illicitly diverting supplies through South Korea. Ministers have extended the Chinese 60.4% duties to cover steel ropes and cables exported from South Korea - regardless of whether they are South Korean-made.
ENDS
THE EUROPEAN Union (EU) Council of Ministers has approved a European Commission proposal erasing a trade loophole that has enabled Chinese exporters to the European Union (EU) of steel ropes and cables to evade an anti-dumping duty by illicitly diverting supplies through South Korea. Ministers have extended the Chinese 60.4% duties to cover steel ropes and cables exported from South Korea - regardless of whether they are South Korean-made.
ENDS
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