The World Trade Organization (WTO) has announced that South Korea has requested WTO consultations with the United States concerning the antidumping (AD) duties imposed by the US on imports of certain corrosion-resistant steel products, certain cold rolled steel flat products, certain hot rolled steel flat products and large power transformers from South Korea, and also concerning the countervailing duties (CVD) imposed by the US on imports of certain hot rolled steel flat products from South Korea.
In its application to the WTO, South Korea stated that it is concerned that the abovementioned measures are inconsistent with the WTO obligations of the US under the antidumping agreement, agreement on subsidies and countervailing measures (the SCM agreement), as well as the Marrakesh Agreement establishing the WTO. Accordingly, South Korea stated that the measures imposed by the US appear to nullify or impair the benefits accruing to South Korea directly or indirectly under the cited agreements.
According to the WTO, after 60 days, if consultations between the two sides have failed to resolve the dispute, the complainant may request adjudication by a panel.