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S Korea Trade Commission Proposes Up to 19.85% Anti-Dumping Duty on Industrial Robots from China and Japan
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According to the South Korean JoongAng Ilbo, the South Korean Trade Commission will recommend to the South Korean Finance Minister to impose an anti-dumping duty of up to 19.85% on industrial robots imported from China and Japan. The proposal suggests imposing an anti-dumping duty of 17.45% to 18.64% on Japanese products and 15.96% to 19.85% on Chinese products. In March last year, South Korea's Hyundai Robotics filed a complaint accusing companies such as FANUC (6954.JP) and Yaskawa Electric (6506.JP) from Japan, as well as KUKA Robotics Guangdong Co., Ltd., a subsidiary of Midea (00300.HK), Shanghai ABB Engineering Co., Ltd., and Kawasaki Heavy Industries (7012.JP), of selling four-axis or more vertical joint industrial robots in South Korea at unfairly low prices. Since November last year, the South Korean Trade Commission has been imposing a provisional anti-dumping duty of 21.17% to 43.6% on such products. (fc/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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