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South Korea Targets U.S. Trade Remedies in New WTO Dispute

Posted February 21, 2018

Under Economic Issues, International Trade Issues

(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.