(Bryce Baschuk – Bloomberg)
South Korea launched a World Trade Organization dispute that argued a key provision of the U.S.’s anti-dumping and countervailing investigations violated international trade rules.
South Korea said the U.S. Commerce Department improperly applied “adverse facts available” from Korean producers and exporters in six anti-dumping and countervailing cases involving various Korean products, according to a document that was circulated on Tuesday.
Though WTO rules permit countries to levy tariffs based on facts that are available at the time if a targeted firm fails to cooperate in trade remedy investigations, Korea said the U.S. did not assess the facts “properly and objectively.” Click here to read more.
- Trade Issues Threaten to Scuttle KORUS FTA Negotiations (Hankyoreh)
- South Korea Threatens WTO Action if U.S. Hikes Steel Tariffs (Nikkei Asian Review)
- WTO Should Prepare for Life Without U.S., Ex-Chief Lamy Says (Reuters)