ID :
175328
Thu, 04/14/2011 - 06:30
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https://oananews.org//node/175328
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MTIB TO MONITOR TIMBER TRADE WITH SOUTH KOREA FOLLOWING ANTI-DUMPING DUTIES
From Choong En Han
SEOUL, April 14 (Bernama) -- The Malaysian Timber Industry Board (MTIB) will be monitoring the timber trade between Malaysia and South Korea for the next few months following the imposition of anti-dumping duties.
MTIB chairman Wilfred Madius Tangau said that on average, the Korean government imposed a 10 per cent tariff on Malaysian timber imported into South Korea.
"Our Korean counterparts are concerned over the situation.
"In a way, the Koreans could not get their raw material at a competitive price while our timber exports to Korea will be affected as well," he told Bernama after a discussion with the Korea Importers Association (KOIMA) here Wednesday.
The meeting was chaired by Malaysian Plantation Industries and Commodities Minister Bernard Dompok.
Wilfred said that traditionally, South Korea was one of the biggest markets for Malaysian timber commodities, especially in the form of veneer, plywood and sawn timber.
Last year, Malaysia's exports of timber and timber-related products to South Korea amounted to RM1 billion. (US$1=RM3.03)
The anti-dumping duties on plywood imports from Malaysia, ranging from five per cent to 38 per cent, were imposed in January for three years.
In general, anti-dumping is defined as the action of a manufacturer in one country exporting products to another country at a price which is charged below the price it charges in its home country or below its costs of production, hence distorting price movement in the country that imports these products.
Malaysia Timber Council chief executive officer Cheah Kam Huan said the industry members of KOIMA were very forthright in making suggestions on how to improve the importation of timber products from Malaysia.
"I think we s hould do more promotional efforts through specific activities with our Korean importers, and to get insight into trends happening in theKorean industry along with the underlying reasons why these trends are changing," he said.
He said the local timber industry could do more in terms of value adding on the downstream product side as the industry was already quite familiar on the upstream side.
"Through branding, the timber industry can leverage on the reputation and sell their products and not so much through generating revenue through a low price strategy.
"If you can sell at a low price, other competing countries can even sell lower. Instead, we can go towards branding and provide quality products and good customer service," he said.
SEOUL, April 14 (Bernama) -- The Malaysian Timber Industry Board (MTIB) will be monitoring the timber trade between Malaysia and South Korea for the next few months following the imposition of anti-dumping duties.
MTIB chairman Wilfred Madius Tangau said that on average, the Korean government imposed a 10 per cent tariff on Malaysian timber imported into South Korea.
"Our Korean counterparts are concerned over the situation.
"In a way, the Koreans could not get their raw material at a competitive price while our timber exports to Korea will be affected as well," he told Bernama after a discussion with the Korea Importers Association (KOIMA) here Wednesday.
The meeting was chaired by Malaysian Plantation Industries and Commodities Minister Bernard Dompok.
Wilfred said that traditionally, South Korea was one of the biggest markets for Malaysian timber commodities, especially in the form of veneer, plywood and sawn timber.
Last year, Malaysia's exports of timber and timber-related products to South Korea amounted to RM1 billion. (US$1=RM3.03)
The anti-dumping duties on plywood imports from Malaysia, ranging from five per cent to 38 per cent, were imposed in January for three years.
In general, anti-dumping is defined as the action of a manufacturer in one country exporting products to another country at a price which is charged below the price it charges in its home country or below its costs of production, hence distorting price movement in the country that imports these products.
Malaysia Timber Council chief executive officer Cheah Kam Huan said the industry members of KOIMA were very forthright in making suggestions on how to improve the importation of timber products from Malaysia.
"I think we s hould do more promotional efforts through specific activities with our Korean importers, and to get insight into trends happening in theKorean industry along with the underlying reasons why these trends are changing," he said.
He said the local timber industry could do more in terms of value adding on the downstream product side as the industry was already quite familiar on the upstream side.
"Through branding, the timber industry can leverage on the reputation and sell their products and not so much through generating revenue through a low price strategy.
"If you can sell at a low price, other competing countries can even sell lower. Instead, we can go towards branding and provide quality products and good customer service," he said.
