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US decides to revoke anti-dumping duty on South Korean large washers.

The United States' trade agency announced Saturday that it will not extend existing anti-dumping duty on large residential washing machines imported from South Korea.

"As a result of the Commission's negative determinations, the existing antidumping and countervailing duty orders on imports of these products from Korea will be revoked," the U.S. International Trade Commission (USITC) said in a statement.

Washington imposed the anti-dumping duty on large washers imported from South Korean manufacturers in 2013, based on the judgment that products from Samsung Electronics Co. and LG Electronics Inc. adversely affected the U.S. industry.

"We find that an industry in the United States is materially injured by reason of imports of large residential washers from Korea found to have been subsidized by the Government of Korea and sold in the United States at less than fair value," the USITC report from February 2013 said.

The U.S. imposes anti-dumping duties on products that are sold on the local market below fair value, or that negatively affect its industries.

Under the Uruguay Round Agreements Act, an anti-dumping duty order needs to be reviewed after five years to decide whether to continue or scrap it.

The decision is separate from the safeguard measures rolled out by Washington in February last year on imported washing machines.

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Publication:The Korea Times News (Seoul, Korea)
Geographic Code:9SOUT
Date:Mar 30, 2019
Words:259
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