EU to remove antidumping duties on S Korean polyester fiber products

17:29, March 08, 2010      

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The European Union (EU) will remove its antidumping duties against South Korean polyester fiber products next week, South Korea's trade ministry said Monday.

The removal of antidumping duties of up to 10 percent on polyester fiber products from South Korean companies is set to begin on March 18, the ministry said, which have been in place since 1993.

The announcement comes following relentless calls by South Korean companies of polyester fiber to lift the EU's antidumping tariffs on its products, which has reached 1.3 billion U.S. dollars in exports to the EU countries in 2009, according to the ministry.

Polyester stable fiber is used to stuff products in bedding, clothing, furniture, toys, and other non-woven applications, it added.

Source: Xinhua
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