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NEW WTO DISPUTE

Japan has filed a complaint with the WTO about alleged S.Korean shipbuilding subsidies. The complaint focuses on restructuring finance for Daewoo Shipbuilding & Marine Engineering, and some others.

The full 17-page complaint is here: docs.wto.org/dol2fe/Pages/S…

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This is dispute case DS594. All information on this case will be compiled here: wto.org/english/tratop…

A “request for consultations” is the first stage in a dispute. After about two months, if still unresolved, it can move on to the stage when a panel hears the case

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This is the 2nd similar dispute filed by Japan against S.Korea.

The first, DS571, from Nov 2018, went quiet within two months, without a dispute panel being appointed wto.org/english/tratop…

Japan has not explained the switch, but the new complaint is longer, more details.

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Peter Ungphakorn
@CoppetainPU
Interesting from the UK ambassador to Thailand.

It's about the Thai constitutional court dissolving a popular opposition party
👇🏽

More here
Read 3 tweets
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Peter Ungphakorn
@CoppetainPU
Anyone looking for signals on how the US approaches trade relations might be interested in the statement it made earlier this week at the WTO.

WTO members were reviewing the EU’s trade policy. This is how the US kicked off its statement.

geneva.usmission.gov/2020/02/18/u-s…

1/6 Screenshot of
This is pure Trumpist economics, everything determined by the bilateral deficit, proof that the EU is protectionist.

That first paragraph puts the statement in a different light. Without, it would be a standard comment in a trade policy review.

2/6
geneva.usmission.gov/2020/02/18/u-s… Screenshot of the next five paragraphs of the US's statement
So, was that comment about the trade deficit put there simply for the benefit of the White House?

Or is the US’s approach in the WTO now going to be driven by bilateral trade balances?

3/6
Read 6 tweets
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Peter Ungphakorn
@CoppetainPU
"This seems to indicate that the US is willing to forgo appeals 'into the void' and also suggests some degree of openness on the part of the US towards Article 25 as an alternative appeal process."

Doc circulated today in dispute DS488, post-ruling, implementation stage

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DS488 is "United States—Anti-Dumping Measures on Certain Oil Country Tubular Goods from Korea" (wonderful title!)

The US lost the case. S.Korea wants to be allowed to retaliate; the US wants arbitration on whether it is now complying

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wto.org/english/tratop…
Today's document: docs.wto.org/dol2fe/Pages/S…

@snlester spotted paragraphs 4 & 5, leading to his comment about not appealing "into the void".

(A well-known problem of the badly drafted rules: unclear sequence—compliance arbitration (Art21.5), authorising retaliation (Art22.6))

3/3 Screenshot of part of the document, including paragraphs 1-5
Read 3 tweets

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