World Trade Organization to review Japan

World Trade Organization (WTO) set up a review board last week to examine whether Japan has complied with an earlier verdict ordering it to remove duties on South Korean memory chips.

Translation.ag
The WTO's Appellate Body ruled in November last year that Japan must remove its 27.2 percent countervailing duties on imports of South Korean random access memory chips.

But South Korea declared to the WTO's Dispute Settlement Body (DSB) that Japan had only reduced its duties to 9.1 percent -- not enough, in Seoul's view.

Japan said on Tuesday that it had implemented the WTO ruling and was ready to defend itself before a compliance panel.