WTO Panel Issues Mixed Ruling on US AD Measures on South Korean OCTG
A World Trade Organization dispute settlement panel on Nov. 14, issued a mixed ruling in a case that South Korea brought in 2015 against U.S. antidumping duties on oil country tubular goods, according to a summary of the panel's findings.…
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The panel ruled against the Commerce Department’s “profit determination” used to calculate the dumping margin and duty rates on OCTG imports in a 2014 final determination (see 14090919), the WTO said. But the panel also rejected more than a dozen more Korean claims, including that U.S. laws on the calculation of normal value in AD investigations were inconsistent with WTO rules. South Korea requested a WTO dispute panel to review the matter in March 2015 (see 1503130070). "The United States appreciates the panel’s rejection of nearly all of Korea’s claims related to the Department of Commerce’s antidumping duty determination on OCTG,” a U.S. official said in an email. “We are disappointed, however, with some of the panel’s findings that the United States acted, in limited respects, inconsistently with the [WTO] Antidumping Agreement. The United States is carefully reviewing the report and considering next steps.” South Korea didn’t comment on whether it would appeal any parts of the ruling.