Antidumping Committee at WTO in Disagreement About What Should Be Discussed
A methodology the U.S. began using in 2017, after the U.S. Trade Preferences Extension Act of 2015, should be talked about more "to ensure such practices do not result in more trade-restrictive effects than necessary," South Korea said at the World Trade Organization Committee on Anti-Dumping Practices meeting, according to a Geneva trade official. The approach, called "particular market situation," is supposed to be better than home market prices in cases of state intervention in markets. Trade hawk Peter Navarro, an assistant to President Donald Trump and the White House's director of Trade and Manufacturing Policy, encouraged its use more often (see 1703240036). The first case was on oil country tubular goods from South Korea. The same methodology also has been used on Indonesian and Thai exports.
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The U.S. said it would not be constructive to talk in depth about this at the next meeting in November, because the issue is subject to several ongoing dispute challenges, including from South Korea. The European Union, Argentina, Australia and Mexico agreed with this point. Thailand, China and Brazil said it should be talked about.