Go to Contents Go to Navigation

Trade minister takes issue with anti-dumping step by Gulf countries

All Headlines 10:50 April 04, 2017

SEJONG, April 4 (Yonhap) -- South Korea's trade minister has complained about the anti-dumping measure against the country's car batteries by the Gulf countries, the ministry here said Tuesday.

Late last year, the secretariat of the Gulf Cooperation Council (GCC) imposed anti-dumping duties ranging from 12 to 25 percent on five South Korean battery makers, saying that the companies exported their products at lower prices than their domestic ones.

The GCC is a regional economic union in the Middle East, with six member nations -- Saudi Arabia, Qatar, the United Arab Emirates, Oman, Kuwait and Bahrain.

In talks with Qatari Commerce Minister Ahmed Al Thani in Doha on Sunday (local time), South Korea's Trade Minister Joo Hyung-hwan said there is a problem in the GCC authorities' calculation of the dumping margin, according to the Ministry of Trade, Industry and Energy.

He asked his Qatari counterpart to play a major role in helping six countries make a more reasonable decision in the final review.

Meanwhile, Joo held a separate meeting with Mohammed Al Sada, Qatar's energy chief, and discussed ways to increase South Korean participation in the massive energy-related projects worth a combined US$3.3 billion.

South Korea's Trade Minister Joo Hyung-hwan (L) holds talks with his Qatari counterpart Ahmed Al Thani in Doha on April 2, 2017 (local time). (Courtesy of the Ministry of Trade, Industry and Energy) (Yonhap)

brk@yna.co.kr
(END)

HOME TOP
Send Feedback
How can we improve?
Thanks for your feedback!