WTO backs Japan over Chinese stainless steel tariffs (updated)

Nippon Yakin Kogyo Co

19/06/2023 16:31

(Adds case background, court reasoning in paragraphs 3-5)
       GENEVA, June 19 (Reuters) - The World Trade Organization
largely backed Japan on Monday in its challenge to Chinese
anti-dumping duties imposed in 2019 on  imports of Japanese
stainless steel.
    A three-person panel recommended in a report on the case
that China bring its measures into conformity with WTO rules.
        China imposed anti-dumping duties in July 2019 on
stainless steel billets and hot-rolled plates and coils from
Japan, South Korea, Indonesia and the European Union, arguing
that a surge of imports was damaging its domestic industry.
  
        For Nippon Yakin Kogyo Co, the duty was 18.1% and for
other Japanese companies 29%, applicable for five years.
  
        Japan contended that China had made errors in its
comparison of prices and had failed to demonstrate that the
imported products were in fact harming Chinese producers. The
panel accepted a number of Japan's arguments on these points.   
  

 (Reporting by Philip Blenkinsop
Editing by Peter Graff and Marguerita Choy)
 ((philip.blenkinsop@thomsonreuters.com; +32 2 585 2869:
@reutersPhilB;))