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South Korea accepts ruling in WTO suit over tariff on Japanese valves

Yomiuri reported from London that the WTO announced on Monday that the South Korean government is set to accept a ruling made last month by its conflict resolution panel in favor of Japan regarding Seoul’s imposition of an anti-dumping tariff on Japanese pneumatic valves. However, the Moon administration has reportedly explained to the international trade body that it may take some time to remove the tariff. According to the article, the GOJ released a statement voicing regret at South Korea’s intention not to comply with the WTO ruling immediately. 

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