More anti-dumping duties on Korean whiteware

The announcement follows a similar one last month in which the Ministry said refrigerators from Korea will attract anti-dumping duties of up to 60%.

The provisional duties have been introduced to prevent material injury to Fisher & Paykel Ltd until a full dumping investigation can be completed.

Dumping investigations were launched by the Ministry of Economic Development late last year following claims by Fisher & Paykel that Korean refrigerators and washing machines were being sold to New Zealand importers at prices lower than on the Korean domestic market.

The Ministry has reached preliminary conclusions that Korean washing machines are being dumped and are causing material injury to the local washing machine industry by undercutting prices, and that duties are necessary to prevent material injury being caused during the investigation.

The duties range from 52 to 93 percent depending on the Korean supplier and the size of the washing machine.

The investigation has found that imports of Korean washing machines have increased significantly to New Zealand and that F&P's prices have been undercut by most of the dumped imports, its prices have been depressed and suppressed, and its sales, market share and profits have declined.

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