Korea Requests Bilateral Settlement at the WTO Concerning Japan’s Imposition of Countervailing Duties on Hynix DRAM
The Korean government has explained to the Japanese side through issuing statements and bilateral consultations on numerous occasions during the process of the Japanese probe into the matter, which began on August 4, 2004, that Hynix debt rescheduling was based on the autonomous decision made by creditors that were based on market principles. Despite this, the Japanese side has levied countervailing duties making it impossible to reach a bilateral agreement and led the Korean government to take the matter through the WTO dispute settlement procedure.
If both parties agree to the WTO dispute settlement procedure, they are given 60 days from the date of the request for the dispute settlement procedure to reach an agreement. However, if no agreement is reached within the time, a panel may be requested and if this is the case, the panel is expected to decide on the matter during the first half of 2007.
올인원 PR 플랫폼
딱 맞는 기자를 쉽게 찾아 보도자료를 기사로 만드세요
-
2008년 7월 4일 16:02
