South Korea has begun imposing temporary anti-dumping duties of 72.23 percent on white Portland cement imported from Egypt, officials said.
The finance ministry began levying the duties on white cement from Egypt on Wednesday to be effective for four months after the Korea Trade Commission (KTC) under the industry ministry announced its preliminary anti-dumping findings against the imports and recommended the imposition in September.
The anti-dumping deposit is meant to prevent potential damage from the imports to the local industry, while it carries out an additional probe, according to ministry officials.
The final tariff rates will be determined after the KTC wraps up the investigation, the officials said.
