World News | Trade Dispute Panel Set Up for South Korea-Japan Case
Get latest articles and stories on World at LatestLY. World Trade Organisation members have established a dispute panel to consider and rule on a complaint by South Korea against Japanese export restrictions on key components for items like South Korean semiconductors and mobile phone and television displays.
Geneva, Jul 29 (AP) World Trade Organisation members have established a dispute panel to consider and rule on a complaint by South Korea against Japanese export restrictions on key components for items like South Korean semiconductors and mobile phone and television displays.
In what was largely a formality under WTO rules, its Dispute Settlement Body assented to the request from South Korea despite Japanese claims that the export restrictions are needed for national security.
The move Wednesday sets off what is likely to be months of preparations and talks before a decision is reached.
Even then, Japan could play the clock and appeal any decision against it to the WTO's top arbitrators - the Appellate Body - which is no longer taking new cases because the US has blocked appointments to it. (AP)
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)