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INTERNATIONAL > East Asia & Pacific

WTO rules against South Korea’s antidumping duties on Japanese valves

  • September 11, 2019
  • , All national papers
  • JMH Summary

All national dailies wrote that the WTO upheld on Tuesday its earlier ruling that South Korea’s anti-dumping duties on Japanese-made industrial valves violate WTO rules and urged South Korea to take corrective action. According to the papers, South Korea imposed anti-dumping duties on Japanese-made industrial valves in 2015 and Japan launched a complaint with the WTO in 2016. The dispute settlement panel in 2018 broadly agreed with Japan’s argument that there is no causal link between imports of Japanese products and harm to South Korea’s industry, but differed on points, prompting Japan to file an appeal based on the view that the panel failed to address certain issues.

 

Nikkei wrote that Japan’s Ministry of Economy, Trade, and Industry issued a statement saying that Japan calls on South Korea to promptly correct its action to avoid Japanese firms from continuing to suffer from unfair measures. The paper speculated that the latest WTO ruling could become a fresh source of conflict between Tokyo and Seoul.

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