KUALA LUMPUR (April 26): The Malaysian government has imposed anti-dumping duties on imports of cold rolled stainless steel in coil, sheet or any other form (subject merchandise) originating or exported from Indonesia and Vietnam. In a statement today, the Ministry of International Trade and Industry (MITI) said the anti-dumping duty for Indonesia is 8.8% to 34.82% and Vietnam 7.81% to 23.84%. “The collection of anti-dumping duty on the subject merchandise has been enforced by the Royal Malaysian Customs Department for five years from April 24, 2021 to April 23, 2026. "The imposition of the anti-dumping duties on the subject merchandise from these countries is expected to address the issue of unfair trade practices," it said. On July 28, 2020, the government initiated an anti-dumping investigation into the subject merchandise originating or exported from Indonesia and Vietnam in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994.

Source: The Edge Markets April 26, 2021 09:45 UTC