Print Edition - 2018-02-15  |  Money Digest

South Korea to take US trade dispute to WTO

- Reuters, SEOUL

Feb 15, 2018-

South Korea’s trade ministry said on Wednesday it will take a dispute to the World Trade Organisation against the United States for imposing high anti-dumping duties on South Korean steel and transformers. The move comes after the United States in May 2016 slapped anti-dumping duties on Korean steel products and transformers of up to 60.81 percent by applying the Adverse Facts Available (AFA) provision. The ministry said applying AFA rules allowed the United States to unfairly levy high anti-dumping duties without thoroughly verifying data available to them. The trade ministry said in a statement it will request a bilateral discussion with the United States under the WTO agreement and notify the WTO on Wednesday. 

Published: 15-02-2018 08:44

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