The World Trade Organization on Tuesday largely faulted South Korea in a final ruling over anti-dumping duties slapped on imports of industrial pneumatic valves imported from Japan.
The WTO’s Appellate Body mostly upheld a previous ruling finding that Seoul’s anti-dumping duties on Japanese pneumatic valves violated some international trade rules.
It requested that South Korea “bring its measures found ... to be inconsistent with the Anti-Dumping Agreement, into conformity with its obligations”.
But it also threw out some of Japan’s claims of alleged breaches.
Tokyo nonetheless hailed the ruling, saying in a statement the Appellate Body “accepted core claims of Japan”.
It demanded that South Korea “sincerely and promptly correct its measures that are inconsistent with the WTO Agreement so that its unjust measures against Japanese companies will not continue”.
The WTO, which aims to create a level playing field in global trade, cannot force compliance with its rulings, but may approve retaliatory measures against violators of international trade rules.