WTO Final Judgment “Korea wins over Japan” announced | NHK News
WTO = World Trade Organization's second trial about the Korean government putting high tariffs on Japanese-made pneumatic valves used in semiconductor factories ...
WTO Final Judgment Korea announces “Success in Japan” September 11th 4:22
The WTO = World Trade Organization's second committee, which was the final decision on the Korean government's high tariffs on Japanese-made pneumatic valves used in semiconductor factories, etc., made the final decision. In this regard, the Korean government has expressed the view that it has won Japan, because it has not been proved that it has violated the WTO Agreement in most substantive issues.
The Korean government has imposed a tariff of up to about 23% for 4 years since Japanese pneumatic valves used in production lines such as semiconductors and automobile parts are being sold unreasonably cheaply. Was suing the WTO as appropriate.
A report of the High Commission on the two trials was released at midnight on the 11th of Japan time, and the Korean Ministry of Industry, Trade and Industry proved that the Korean side violated the WTO Agreement in most substantive issues. Korea ’s victory was maintained, ”he announced.
In the announcement, eight of the nine substantive issues were whether the causal judgment and analysis of the damage that the import of Japanese products had caused damage to the Korean industry were made objectively and reasonably. And it is said that Japanese claims were not accepted.
On the other hand, the Japanese side claims that the import of Japanese products has put pressure on lowering the price of Korean products because the Korean side did not provide an appropriate explanation.
The Ministry of Industry, Trade and Industry of Korea said, “We will continue to actively use WTO procedures to resolve trade disputes with foreign countries and protect national interests.”