WTO rules against S. Korea antidumping duties on Japan valves
Kyodo -- Sep 11
The World Trade Organization upheld on Tuesday an earlier decision urging South Korea to take corrective action over its antidumping duties on pneumatic valves imported from Japan.

The Geneva-based organization's appellate body, the top entity in its dispute settlement process, said South Korea is in violation of its rules after imposing duties of 11.66 to 22.77 percent on Japan-made pneumatic valves from August 2015.

In April last year, a lower panel ruled against South Korea's levying of such duties on the valves used to control the flow of compressed air.

The panel deferred a decision on Japan's claim that South Korea had flaws in its analysis on Japanese valves excessively pushing down market prices. But the appellate body concluded the panel's inaction on the claim was inappropriate, a source close to the matter said.

Japan asked the WTO to settle the issue in March 2016 after failing to resolve it in consultations with South Korea.

News source: Kyodo
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