On the 10th, the World Trade Organization (WTO) senior committee decided that South Korea's anti-dumping tax on industrial valves made in Japan was violating the WTO Agreement. Following the first trial decision in 2018, Japan's claim was acknowledged and Japan's victory was confirmed.
The WTO reports that the Korean tax measures have problems with damage / causal recognition and transparency of procedures, and are not consistent with the WTO anti-dumping agreement. Advised Korea to correct the measures.
Japan filed a suit with the WTO in 2016, the year after South Korea taxed. The first instance judgment in 18 almost accepted Japan's allegations, but Japan appealed that some were dissatisfied.
The report will be formally adopted within 30 days. The Ministry of Economy, Trade and Industry said on the 11th that Korea would implement the report's recommendations early and urgently abolish this measure. , Can take countermeasures. "