Advertisement
Business

NewWTO appeals courts backs South Korea in trade dispute with US

1-MIN READ1-MIN
A Samsung logo stands illuminated during a news conference as South Korea won a WTO decision against the US on washing machines. Photo: Bloomberg
Reuters

South Korea won an appeal ruling at the World Trade Organization on Wednesday in a challenge to US duties on Korean-made washing machines.

South Korea partially won a ruling from a WTO adjudication panel in March, but both sides appealed part of that judgment.

Wednesday’s ruling by the WTO Appellate Body, which is final, strengthened South Korea’s win by reversing part of the earlier ruling that had gone in Washington’s favour concerning the calculation of anti-subsidy duties.

Advertisement

South Korea had originally complained to the WTO in 2014 about the way the United States accused it of unfairly pricing and subsidising washing machines exported from South Korea.

The US Commerce Department had imposed anti-subsidy duties of up to 82 per cent in 2013 on washers made by Samsung Electronics Co, LG Electronics Inc and Daewoo Electronics Co after a complaint brought by Michigan-based Whirlpool Corp.

Advertisement

The panel ruling in March rejected part of South Korea’s complaint, including objections to the US Commerce Department’s findings that tax credit subsidies were not tied to specific products.

Advertisement
Select Voice
Select Speed
1.00x