WTO rules against S. Korea antidumping duties on Japan valves

The World Trade Organization upheld on Tuesday an earlier decision urging South Korea to take corrective action over its antidumping duties on pneumatic valves imported from Japan.The Geneva-based organization's appellate body, the top entity in its dispute settlement process, said South Korea is in violation of its rules after imposing duties of 11.66 to 22.77 percent on Japan-made pneumatic valves from August 2015.In April last year, a lower panel ruled against South Korea's levying of such duties on the valves used to control the flow of compressed air.The panel deferred a decision on Ja…READ FULL ARTICLE