Japan decided to impose anti-dumping duties on potassium carbonate produced in South Korea for 5 years

"Nikkei Shimbun" reported on June 9 that on June 8, Japan's Ministry of Finance decided to impose anti-dumping duties on South Korean products around the import of the chemical potassium carbonate. Japan believes that imports at unduely low prices are harmful to Japan's domestic industries. The original tariff was 3.9%, and since late March, a tariff of 30.8% has been temporarily imposed. After the promulgation of the decree recently decided by the Japanese Cabinet Meeting, it will be levied at the rate of tax increased within 5 years.

Potassium carbonate is used as a raw material for glass such as liquid crystal panels. According to the report, after receiving feedback from industry groups in Japan, the Ministry of Finance and the Ministry of Economy, Trade and Industry began investigating the impact on Japan's domestic industry in June 2020. Although opposed by The Korean manufacturer, it was concluded that there was no need to change the interim measures.