South Korea's Antidumping Duties on Japanese Pneumatic Valves Found to Violate WTO Rules
South Korea’s antidumping duties on Japanese valves are a violation of international trade rules, the World Trade Organization said in a Sept. 10 decision. The WTO ordered South Korea to change the duties on “pneumatic transmission” valves to bring them into “conformity” with WTO obligations. The decision upheld a previous ruling made by the WTO in 2018 that determined South Korea’s antidumping measures violate WTO rules.
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In a Sept. 11 statement, Japan said its valves “have higher value and functions” than those in South Korea, adding that South Korea never gave “appropriate explanations” about whether the Japanese imports “depressed or suppressed the prices of domestic products.” If South Korea does not eliminate the duties “immediately,” Japan said, it can exercise its right impose “countermeasures.”
The ruling came as the two countries continue a trade dispute stemming from a July decision by Japan to remove South Korea from its list of trusted trading partners (see 1908020023). South Korea said it will impose a similar move on Japan next week (see 1909090041).