South Korea launches anti-dumping investigation on FDY originated from China

Upon application from Korea Chemical Fibre Association, Korea Trade Commission announced to launch anti-dumping investigation on Polyester Filament Fully Drawn Yarn, FDY, originated from China on Jan 27, 2021, and the Hs code of the products involved is 5402.47.9000 in South Korea. The anti-dumping investigation period is from July 1, 2019 to June 30, 2020, and the damage investigation period is from January 1, 2017 to June 30, 2020. Except for a further extension (2 months), the preliminary ruling will be made within 3 months from the date on which the notice of filing the case is published officially.

Interested parties shall register their response to the lawsuit within 3 weeks from the date when the announcement is issued officially.

Note: Tariff rate: basic tax rate 8.0%, China-South Korea Free Trade Agreement tax rate 1): 8.0%

1): According to the Free Trade Agreement between China and South Korea (entry into force '15.12.20), China implements the same false tax rate on HSK 2012 benchmark HSK 5402.47.9000 as the benchmark tariff rate (8%) (two types of "E").

South Korea was among the top 5 export destinations for Chinese FDY in 2018-2020, with proportion mainly above 10%.