The European Commission has announced provisional antidumping duties on epoxy resin imports from China, Taiwan, and Thailand, according to an official statement. Notably, South Korean producers were exempted from the proposed duties.

The decision follows an investigation initiated on July 1, 2023, after European manufacturers filed a complaint alleging that Asian exporters—particularly from China, South Korea, Taiwan, and Thailand—were selling epoxy resin at artificially low prices, harming the competitiveness of European producers. The investigation concluded that South Korean companies were not engaged in dumping practices.

The proposed duties vary by region: Chinese producers face tariffs ranging from 24.2% to 40.8%, Thai producers are subject to a 32.1% duty, and Taiwanese producers could see duties of 10.8% to 11%.

Market participants are still assessing the potential impact of the EU's move. A South Korean producer commented, "We are gathering feedback on the market response to this news. It is certainly positive for us in the European market."

The provisional duties are part of the EU's efforts to protect its domestic industries from unfair trade practices. A final decision on the antidumping measures is expected to be made in the coming months.