|07 Aug 2014||Initiation|
ANNOUNCED AS TEMPORARYNo
On August 7, 2014, the Malaysian authorities decided to initiate a safeguard investigation on imports of hot-rolled steel plate products of iron or non-alloy steel and other alloy steel (of a width of 600 mm or more, hot-rolled, not clad, plated or coated, of a thickness between 6 mm and 75 mm). Hot-rolled steel plate products used for electrical and electronic industry, automotive industry and the boiler and pressure vessel applications are excluded from the investigation.
The products subject to investigation are classified under the following HS codes: 7208.5100, 7208.5200 and 7225.4000.
This follows the application lodged by Ji Kang Dimensi Sdn. Bhd.
The Notice of initiation was published in the Malaysian Federal Government Gazette on August 18, 2014.
According to the UN Comtrade Database, in 2013 the following countries exported goods classified under HS code subheadings 7208.51, 7208.52 and 7225.40 to Malaysia with a trade value over USD 1 million: Japan, South Korea, China, Ukraine, Germany, Indonesia, Singapore, Australia, Sweden, Belgium, the United Kingdom, Austria and Russia.
On December 11, 2014, the Malaysian authorities decided to impose a provisional safeguard duty on imports of the above-mentioned products. The rate of the duty is 23.93% of the CIF price. This provisional duty entered into force on December 14, 2014 and and applicable for a period of 200 days.
On June 30th, 2015, the Malaysian authorities notified to the WTO their decision to impose a definitive safeguard duty on imports of hot-rolled steel plate products. The rate of the duty is 17.40% during the first year, 13.90% during the second year and 10.40% during the third and last year. This measure entered into force on July 2nd, 2015 and is applicable for a period of three years.
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