Recent Trade News
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Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
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Reminder On SFCR Requirements For The Manufactured Food Sector
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Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
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South Korea Scores Partial Win in Washer Trade Dispute with U.S.
By Tom Miles and David Lawder, Reuters Mar 15, 2016
South Korea won a partial victory against the United States in a World Trade Organization ruling on Friday that found fault with the method used to calculate U.S. duties imposed on Korean-made washing machines that are deemed to be subsidized and unfairly priced.
The ruling will not immediately alter the countervailing duties of up to 82 percent imposed by the U.S. Commerce Department in 2013 on washers made by Samsung Electronics Co (005930.KS), LG Electronics Inc (066570.KS) and Daewoo Electronics Co after a complaint brought by Michigan-based Whirlpool Corp (WHR.N).
South Korea in August 2014 brought its objections to the WTO about the U.S. calculation methods, which are also the subject of a wide-ranging dispute brought by China against the United States.
A WTO panel of three adjudicators rejected several of South Korea's claims, including objections to the Commerce Department's findings that tax credit subsidies were not tied to specific products. But it upheld South Korea's objection to calculations of duties for "targeted dumping" of products into the U.S. market aimed at regions, time periods or customers with price cuts.
William Perry, an international trade lawyer in Seattle with Dorsey & Whitney LLP, said the decision, if upheld, could ultimately make it more difficult for U.S. manufacturers to bring similar cases involving targeted dumping by Chinese companies.
Read Full Article on Reuters »