Ukraine Introduces Antidumping Duties on Refrigerators from China, Turkey

According to Interfax, Ukraine introduced antidumping duties for refrigerators imports from China (135.5%) and Turkey (97.7%). However, the duty will not be imposed against the major exporters of Chinese-made refrigerators to Ukraine, LG Electronics and Samsung Electronics. Olha Pankiv: Nord (NORD: U/R) is reportedly not satisfied with the results of antidumping investigation, initiated at its request. The new measure will ban imports of the cheapest segment of Chinese and Turkish refrigerators (~4% of the market), while leaving imports of Samsung and LG (15% market each), whom Nord considers its main competitors, unchanged. We believe that recent Ukraine’s WTO accession will badly influence Nord’s market position.