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[THE INVESTOR] South Korea has won its dispute settlement case at the World Trade Organization against the United States’ anti-dumping duties imposed on washing machines, the government said on Sept. 8.
The WTO dispute settlement panel delivered its final report on the case to members on Sept. 7, and maintained all key points of an earlier ruling that found the US in violation of the anti-dumping agreement, according to officials from the Ministry of Trade, Industry and Energy.
They said the report will likely be made final when the Dispute Settlement Board meets later in the month for a regular session, serving as a de facto final ruling.
South Korea raised questions against the controversial method used by the United States to calculate anti-dumping duties, known as zeroing, where the US sets at zero any negative difference between the domestic price of a foreign product and its import price and thus making the overall average of dumping greater.
The US also imposed its punitive duties on South Korean washers based on those sold on Black Friday of 2012.
In March, a WTO panel decided the so-called zeroing method was in violation of the anti-dumping agreement, while it also found that targeting products sold on specific dates too violated the WTO agreement.
(theinvestor@heraldcorp.com)
