KUALA LUMPUR (Sept 24): The Ministry of International Trade and Industry (MITI) has decided to continue the imposition of anti-dumping duties on imports of cellulose fibre reinforced cement flat and pattern sheets (FCB) from Thailand for five more years.
In a statement today, MITI said the duties will be imposed on Shera Public Company Ltd (at a rate of 19.74%), The Siam Fibre-Cement Co Ltd (9.15%) and other producers and exporters (31.14%).
The Royal Malaysian Customs Department will be the agency to enforce the anti-dumping duties' collection. The duties will be in effect from today (Sept 24) till Sept 23, 2024.
"With the continuation of imposition of anti-dumping duties on imports of FCB from Thailand, it is expected that the issue of unfair trade practices would be addressed," it said.
MITI said the decision was made after the government conducted an administrative review (sunset review) investigation of the anti-dumping measures imposed on imports of FCB originating or exported from Thailand, to determine if the duties were still necessary to offset dumping and if there would be likely injury if the duties were removed or varied.
The investigation was initiated following a petition filed by Hume Cemboard Industries Sdn Bhd on behalf of the domestic industry producing FCB.
The industry alleged that imports of FCB from Thailand are coming into Malaysia at a price lower than the selling price in their domestic market, and that this has continued to cause material injury to the domestic industry producing the like product despite the anti-dumping measure imposed, the statement read.