Search
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.


S. Korea challenges US at WTO over ‘zeroing’

Aug 29, 2013 | 04:12 PM |

Tags  World Trade Organization, WTO, zeroing, residential washers, anti-dumping, countervailing, Catherine Ngai


NEW YORK — South Korea is challenging the United States at the World Trade Organization (WTO) over import duties on washing machines, saying that the U.S. Commerce Department’s use of "zeroing" is inconsistent with international agreements.

Under WTO rules, the United States must respond to Korea’s complaint within 10 days and the two countries then will enter into discussions. If the countries cannot reach a resolution, Korea can request that a dispute settlement body be formed.

Opponents of zeroing say the methodology inflates anti-dumping margins by ignoring products that are sold above the normal calculation value. Supporters argue that the practice ensures that margins on fairly traded merchandise are not improperly used to offset a foreign producer’s dumping margins on merchandise sold at less-than-fair value.

Commerce issued dumping margins on imports of large residential washers from Mexico and South Korea of between 9.29 and 82.41 percent and countervailing duties ranging from 1.85 to 32.3 percent on Korean companies (amm.com, Feb. 14).

The United States announced in February 2012 that it would settle several disputes at the WTO, including complaints by Korea, after amending its zeroing methodology (amm.com, Feb. 28, 2012).




Latest Pricing Trends Year Over Year

Poll

Should AMM increase its news coverage of Mexico? Should this also include pricing assessments? And should this be available in the current AMM daily or in a new product dedicated to Mexican coverage?

Yes, write more about Mexico in the current AMM daily.
Yes, write more about Mexico and launch/increase Mexican pricing assessments in the current AMM daily.
Yes, write more about Mexico in a new product and not the current AMM daily.
Yes, write more about Mexico and launch/increase Mexican pricing assessments in a new product, not the current AMM daily.
No, leave things as they are and/or do not make major changes.


View previous results