South Korea Ends Antidumping Duties on Japanese Pneumatic Valves After WTO Dispute
South Korea eliminated antidumping duties on imports of Japanese pneumatic transmission valves, Japan’s Ministry of Economy, Trade and Industry said Aug. 19. Japan had raised a dispute with the World Trade Organization, arguing that South Korea imposed the duties past…
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their scheduled five-year expiration date. “It was unfortunate that [South Korea] continued imposing the duties beyond May 30, 2020, the original deadline,” Japan said. “[South Korea] cannot be recognized as having performed its duties sincerely.” Japan said the duties were eliminated Aug. 19 and it will “refrain from taking further legal procedures … such as retaliatory measures.” The WTO Appellate Body had ruled on Sept. 10, 2019, that South Korea was not adhering to WTO tariff implementation agreements and recommended it bring its measures into conformity, which South Korea agreed to do by May 30.