WTO OFFICIAL SAYS US APPEALED AGAINST TRADE BODY'S DECISION IN SOUTH KOREA TRADE DISPUTE

Highlights

• In the month of January, a WTO panel had recommended that the duties imposed on South Korea, four grades of steel in 2016 and on large transformers in 2012 need to be revised

• This decision made by the US to appeal against the WTO decision is seen as an early indicator of the US President Joe Biden’s approach to the WTO and its dispute settlement system

According to a statement given ....