ID :
42176
Thu, 01/22/2009 - 19:06
Auther :
Shortlink :
https://oananews.org//node/42176
The shortlink copeid
M'SIA WILL GUARD AGAINST CHEAP GOODS DUMPING
By M. Saraswathi
KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia will guard against dumping of
cheap imported goods to protect domestic manufacturers, International Trade and
Industry Ministry secretary-general Abdul Rahman Mamat said Thursday.
"The ministry is actively monitoring import figures to ensure there is
no sudden surge of import of certain commodities from sources where we have
doubts about their price and quality as a result of the current global economic
and financial crisis," he said.
Manufacturers who faced such problems should come forward to report to the
ministry, he told Bernama in an interview.
Abdul Rahman said the Countervailing and Anti-Dumping Duties Act 1993 and
Countervailing and Anti-Dumping Duties Regulation 1994, which are in compliance
with Malaysia's obligations under the World Trade Organisation (WTO), provide
Malaysia with the mechanism to take action against foreign manufacturers and
exporters found to have dumped their products in the domestic market,
thereby causing injury to local manufacturers.
Todate, Malaysia has initiated 14 anti-dumping cases against 72 foreign
companies in 13 countries.
Currently, Malaysia imposes anti-dumping duties on imports of newsprint from
Canada, Indonesia, South Korea, the Philippines and the United States; maleic
anhydride from Taiwan, Indonesia and South Korea; and polyethylene terephthalate
from Taiwan, Indonesia, South Korea and Thailand.
MITI, in collaboration with other government agencies, also monitors dumping
of sub-standard goods.
"We have to (also) protect the domestic market from the influx of
low-quality goods. We have a lot of cases of goods which are not up to our
standards," he said.
As of Nov 30, 2008, Abdul Rahman said 5,444 Malaysian Standards have been
developed, and of that, 3,160 are aligned with international standards, while
173 standards have been made mandatory.
Such measures are important to continuously attract investors, he said.
"If investors feel the country does not have proper regulations, including
Intellectual Property protection, proper dispute settlement, people will shy
away from Malaysia," he said.
However, "anti-dumping" problems cannot be totally avoided by any country as
it is part and parcel of liberalising, he added.
-- BERNAMA
KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia will guard against dumping of
cheap imported goods to protect domestic manufacturers, International Trade and
Industry Ministry secretary-general Abdul Rahman Mamat said Thursday.
"The ministry is actively monitoring import figures to ensure there is
no sudden surge of import of certain commodities from sources where we have
doubts about their price and quality as a result of the current global economic
and financial crisis," he said.
Manufacturers who faced such problems should come forward to report to the
ministry, he told Bernama in an interview.
Abdul Rahman said the Countervailing and Anti-Dumping Duties Act 1993 and
Countervailing and Anti-Dumping Duties Regulation 1994, which are in compliance
with Malaysia's obligations under the World Trade Organisation (WTO), provide
Malaysia with the mechanism to take action against foreign manufacturers and
exporters found to have dumped their products in the domestic market,
thereby causing injury to local manufacturers.
Todate, Malaysia has initiated 14 anti-dumping cases against 72 foreign
companies in 13 countries.
Currently, Malaysia imposes anti-dumping duties on imports of newsprint from
Canada, Indonesia, South Korea, the Philippines and the United States; maleic
anhydride from Taiwan, Indonesia and South Korea; and polyethylene terephthalate
from Taiwan, Indonesia, South Korea and Thailand.
MITI, in collaboration with other government agencies, also monitors dumping
of sub-standard goods.
"We have to (also) protect the domestic market from the influx of
low-quality goods. We have a lot of cases of goods which are not up to our
standards," he said.
As of Nov 30, 2008, Abdul Rahman said 5,444 Malaysian Standards have been
developed, and of that, 3,160 are aligned with international standards, while
173 standards have been made mandatory.
Such measures are important to continuously attract investors, he said.
"If investors feel the country does not have proper regulations, including
Intellectual Property protection, proper dispute settlement, people will shy
away from Malaysia," he said.
However, "anti-dumping" problems cannot be totally avoided by any country as
it is part and parcel of liberalising, he added.
-- BERNAMA
