To: g.w. barnard who wrote (3745 ) 8/7/1998 10:33:00 AM From: DJBEINO Read Replies (1) | Respond to of 9582
EU Seeks Offensive Dumping Laws 08/07/17:42 European Union is seeking to impose anti-dumping laws against six Korean products - tires, PET film, electronic scales, video tapes, steel products, and D-RAM semiconductors - putting related enterprises on extreme alert. According to the Korea Trade-Investment Promotion Agency (KOTRA) yesterday, EU, at the request of relevant companies, has begun an investigation designed to determine whether, starting next month, to impose import-restrictive steps like anti-dumping duties and safeguard measures. The move is expected to deal a serious blow to Korean exporters of related goods as they sent about $3 billion worth of exports, 17.5 percent of the nation's total, into the region last year. Tire makers of the European Union, for instance, have called for anti-dumping measures against Korean products and have been conducting probes needed to file suits in this regard. The nation's electronic scale exporters, who have been subjected to a 26.7 percent anti-dumping duty since October, 1993, are expected to go under review concerning the anti-dumping charges in October of this year, since related EU industries have called for an extension of the measures. Exporters of PET films and video tapes are also likely to be subjected to anti-dumping suits from EU industries. Italy's steel maker Riva officially called on the EU Commission to take safeguard measures against Korean goods last April and the commission is poised to embark on related probes in September. The European Confederation of Iron and Steel Industry, claiming an ever increasing influx of foreign products has undermined the regional industry, also called on the commission to take similar steps. The European Electronic Components Manufacturers Association (EECMA) has also filed anti-dumping charges against D-RAM semiconductors shipped from the nation. But the EU Commission has pressed the association to scrap the charges citing lack of proof. In response, the Ministry of Foreign Affairs and Trade said, ''It has been discriminatory to take steps only against Korean exporters, excluding products from other nations like Japan, the United States and Taiwan.''