South Korea Partially Loses in WTO Anti-Dumping Tariff Dispute
[Asia Economy Reporter Kwon Jae-hee] The Japanese government announced on the 1st that it will request South Korea to rectify the anti-dumping duties imposed on Japanese stainless steel bars (SSB), following a ruling that these duties partially violate the World Trade Organization (WTO) agreements.
According to Kyodo News, Hiroshi Kajiyama, Minister of Economy, Trade and Industry, stated at a press conference on the same day, "We will strongly demand that South Korea accept the WTO's judgment and sincerely and promptly make corrections."
The WTO issued a panel report the previous day regarding Japan's SSB, indicating that some of South Korea's anti-dumping measures and analysis methods violate the WTO Anti-Dumping Agreement.
The South Korean government has imposed anti-dumping duties on imported SSBs from Japan, India, Spain, and others for about 16 years since 2004.
South Korea expressed its intention to appeal, arguing that there are legal errors in the WTO's rulings on some issues.
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