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Trade Policy Review: Korea 2016
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member's major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of Korea.
Trade Policy Review: Republic of Korea 2012
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of REPUBLIC OF KOREA.
Trade Policy Review: Republic of Korea 2008
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of Korea.
Trade Policy Review: Korea, Rep. of, 2021
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of Korea, Rep. of.
Report by the WTO Secretariat
Korea’s export-driven economy has rebounded from the global financial crisis that erupted around the time of its previous Trade Policy Review in 2008. This rebound is the result of the revival of trade world-wide and supportive macroeconomic and financial policies, including the largest fiscal stimulus among OECD countries, as well as accommodative monetary policy and a sharp depreciation of the exchange rate of the won during the latter part of 2008. The rebound was, by and large, achieved without resorting to restrictive trade measures; on the contrary, Korea has instead opened its market further to international trade through major bilateral free-trade agreements. The strong recovery in exports is such that Korea is now the world’s seventh largest exporter, up from twelfth in 2008.
The Republic of Korea’s Trade Adjustment Policies and their Effects on Labour Market Adjustment
The Republic of Korea (hereafter Korea) has been actively opening its markets since the early 1990s, making its first bilateral trade agreement with Chile effective from 3 April 2004. It has since arranged such agreements with 52 countries that now cover more than 77 per cent of the world’s GDP. Given the little progress made in multilateral negotiations under the Doha Development Agenda (DDA), much of the progress in market liberalization has taken the form of regional trade agreements (RTAs). It has been through an extensive network of these arrangements, with partners such as the EU, the US and the People’s Republic of China (hereafter China), that the Korean Government has been pursuing sustained growth.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Preface
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Report by the Republic of Korea
Korea’s prompt recovery from the global financial crisis of 2008 presents a forceful example which illustrates the important role and benefits of the multilateral trading system. Although tumultuous financial markets around the world impeded global production and employment, the Korean economy’s deep integration into the multilateral trading system, coupled with the Korean government’s prompt economic policies for a more open and competitive business environment proved to be crucial factors in moving the Korean economy forward. Korea has continued to promote liberal trade and investment policies as well as domestic regulatory reform measures. As a result, despite ongoing uncertainties and volatility in the global economic environment, Korea is projected to sustain moderate growth in 2012.
Preface
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr. Eduardo Muñoz Gómez at the Trade Policy Review of the Republic of Korea 19 and 21 September 2012
This sixth Trade Policy Review of Korea has allowed us to improve our understanding of Korea’s trade and trade-related policies and practices and how they have evolved since the previous Review in 2008. We are grateful for the active participation of the Korean delegation headed by H.E. Mr. LEE Sihyung, Deputy Minister for Trade. I would also like to thank the discussant, Ambassador Joakim Reiter of Sweden, and Members of the TPRB for contributing to a very rich exchange of views.
European communities and certain member states - Measures affecting trade in large civil aircraft (Boeing - Airbus) - Recourse 2
On 2 December 2019 the WTO circulated the compliance panel report in the case brought by the European Union in “European Communities and Certain Member States - Measures Affecting Trade in Large Civil Aircraft - Recourse to Article 21.5 of the DSU by the EU” (DS316)
Corée - Mesures affectant les marchés publics
Le 01 mai 2000, l’OMC a publié le rapport du Groupe spécial dans l’affaire “Corée - Mesures affectant les marchés publics”.
Japon - Droits compensateurs visant les mémoires RAM dynamiques en provenance de Corée
Le 13 juillet 2007, l’OMC a publié le rapport du Groupe spécial dans l’affaire “Japon - Droits compensateurs visant les mémoires RAM dynamiques en provenance de Corée”.
Estados Unidos - Medidas compensatorias sobre la madera blanda procedente del Canadá
El 24 de agosto de 2020, la OMC distribuyó el informe del Grupo Especial que entendió en la diferencia planteada por el Canadá, a saber, “Estados Unidos — Medidas compensatorias sobre la madera blanda procedente del Canadá” (DS533).
Estados Unidos - Medidas antidumping y compensatorias sobre determinado papel estucado o cuché procedente de Indonesia
El 06 de diciembre de 2017, la OMC hizo público el informe del Grupo especial sobre el caso “Estados Unidos - Medidas antidumping y compensatorias sobre determinado papel estucado o cuché procedente de Indonesia”.
European Union - Cost Adjustment Methodologies and Certain Anti-Dumping Measures on Imports from Russia - (Second complaint)
On 24 July 2020 the WTO circulated the dispute panel report in the case brought by the Russian Federation in “European Union - Cost Adjustment Methodologies and Certain Anti-Dumping Measures on Imports from Russia - Second complaint)” (DS494).
Inde - Mesures liées aux exportations
Le 31 octobre 2019, l’OMC a distribué le rapport du Groupe spécial chargé d’examiner l’affaire introduite par les États-Unis “Inde — Mesures liées aux exportations” (DS541).
Corea - Derechos antidumping sobre las importaciones de determinado papel procedentes de Indonesia
El 28 de octubre de 2005, la OMC hizo público el informe del Grupo especial sobre el caso “Corea - Derechos antidumping sobre las importaciones determinado papel procedentes de Indonesia”.
Corea - Medidas que afectan al comercio de embarcaciones comerciales
El 07 de marzo de 2005, la OMC hizo público el informe del Grupo especial sobre el caso “Corea - Medidas que afectan al comercio de embarcaciones comerciales”.
Unión europea y sus estados miembros - Determinadas medidas relativas a al sector de la energía
El 10 de agosto de 2018, la OMC hizo público el informe del Grupo especial sobre el caso “Unión europea y sus estados miembros - Determinadas medidas relativas a al sector de la energía”.
Estados Unidos - Investigación en materia de derechos compensatorios sobre los semiconductores para memorias dinámicas de acceso aleatorio (DRAM) procedentes de Corea
El 27 de junio de 2005, el Órgano de Apelación hizo público el informe sobre el caso “Estados Unidos - Investigación en materia derechos compensatorios sobre los semiconductores para memorias dinámicas de acceso aleatorio (DRAM) procedentes de Corea”.
United States - Anti-Dumping Duty on Dynamic Random Access Memory Semiconductors (DRAMS) of one Megabit or above from Korea
On 14 January 1998, the EC requested consultations with Argentina in respect of definitive anti-dumping measures allegedly imposed by Argentina on imports of drill bits from Italy. The EC stated that on 12 September 1998, Argentina imposed definitive anti-dumping measures on imports of drill bits from Italy. The investigation which led to the imposition of these measures had allegedly been initiated on 21 February 1997. The EC alleged that due to the fact that Argentina’s investigation exceeded 18 months, it was in violation of Article 1 of the Anti-Dumping Agreement.
Corée - Mesures affectant les importations de viande de bœuf fraîche, réfrigérée et congelée
Le 31 juillet 2000, l’OMC a publié le rapport du Groupe spécial dans l’affaire “Corée - Mesures affectant les importations de viande de bœuf fraîche, réfrigérée et congelée”.
United States - Anti-Dumping Measures on Stainless Steel Plate in Coils and Stainless Steel Sheet and Strip from Korea
On 30 July 1999, Korea requested consultations with the US in respect of Preliminary and Final Determinations of the US’s Department of Commerce (DOC) on Stainless Steel Plate in Coils from Korea dated 4 November 1998 and 31 March 1999 respectively, and Stainless Steel Sheet and Strip from Korea dated 20 January 1999 and 8 June 1999 respectively. Korea considered that several errors were made by the US in those determinations which resulted in erroneous findings and deficient conclusions as well as the imposition, calculation and collection of anti-dumping margins which are incompatible with the obligation of the US under the provisions of the Anti-Dumping Agreement and Article VI of GATT 1994 and in particular, but not necessarily exclusively, Article 2, Article 6 and Article 12 of the Anti-Dumping Agreement. Korea believed that the US did not act in conformity with the cited provisions, among others, in its treatment of the following: certain US sales made to a bankrupt company; the calculation of two distinct exchange rate periods for export sales; and currency conversion for certain normal value sales made in US dollars.
India - Export Related Measures
On 31 October 2019 the WTO circulated the panel report in the case brought by the United States in “India — Export Related Measures” (DS541).
États-Unis - Certaines mesures relatives au secteur des énergies renouvelables
Le 27 juin 2019, l’OMC a distribué le rapport du Groupe spécial dans l’affaire “États-Unis - Certaines mesures relatives au secteur des énergies renouvelables”, introduite par l’Inde (DS510).
Korea - Definitive Safeguard Measure on Imports of Certain Dairy Products
On 12 August 1997, the EC requested consultations with Korea in respect of a definitive safeguard measure imposed by Korea on imports of certain dairy products. The EC contended that under the provisions of different governmental measures, Korea has imposed a safeguard measure in the form of an import quota on imports of certain dairy products. The EC considered that this measure is in violation of Articles 2, 4, 5 and 12 of the Agreement on Safeguard Measures, as well as a violation of Article XIX of GATT 1994.
Korea - Anti-Dumping Duties on Imports of Certain Paper from Indonesia (WT/DS312)
On 4 June 2004, Indonesia requested consultations with Korea concerning the imposition of definitive anti-dumping duties by Korea on imports of business information paper and uncoated wood-free printing paper from Indonesia and certain aspects of the investigation leading to the imposition of such duties.
Korea - Measures Affecting the Importation of Bovine Meat and Meat Products from Canada
On 9 April 2009, Canada requested consultations with Korea concerning measures affecting the importation of bovine meat and meat products from Canada. According to Canada, since May 2003 Korea prohibits the importation of Canadian bovine meat and meat products. The alleged objective of this prohibition would be that of protecting against risks arising from bovine spongiform encephalopathy (BSE).
United States - Countervailing Measures on Supercalendered Paper from Canada
On 5 July 2018 the WTO circulated the panel report in the case brought by Canada in “United States - Countervailing Measures on Supercalendered Paper from Canada.
Estados Unidos - Utilización de la reducción a cero en medidas antidumping que afectan a productos procedentes de Corea
El 18 de enero de 2011, la OMC hizo público el informe del Grupo especial sobre el caso “Estados Unidos - Utilización de la reducción a cero en medidas antidumping que afectan a productos procedentes de Corea”.
Australie - Mesures antidumping visant le papier pour copie A4
Le 4 décembre 2019, l’OMC a distribué le rapport du Groupe spécial dans l’affaire “Australie - Mesures antidumping visant le papier pour copie A4” (DS529), introduite par l’Indonésie.
États-Unis - Mesures compensatoires visant le bois d’oeuvre résineux en provenance du Canada
Le 24 août 2020, l’OMC a distribué le rapport du Groupe spécial dans l’affaire introduite par le Canada “États Unis — Mesures compensatoires visant le bois d’œuvre résineux en provenance du Canada” (DS533).
Estados Unidos - Investigación en materia de derechos compensatorios sobre los semiconductores para memorias dinámicas de acceso aleatorio (DRAM) procedentes de Corea
El 21 de febrero de 2005, la OMC hizo público el informe del Grupo especial sobre el caso “Estados Unidos - Investigación en materia derechos compensatorios sobre los semiconductores para memorias dinámicas de acceso aleatorio (DRAM) procedentes de Corea”.
India - Medidas relacionadas con la exportación
El 31 de octubre de 2019, la OMC distribuyó el informe del Grupo Especial enncargado de examinar el asunto “India — Medidas relacionadas con la exportación” (DS541), planteado por los Estados Unidos.
États-Unis - Enquête en matière de droits compensateurs sur les semi-conducteurs pour mémoires RAM dynamiques (DRAM) en provenance de Corée
Le 27 juin 2005, l’Organe d’appel a publié son rapport sur l’affaire “États-Unis - Enquête en matière de droits compensateurs sur les semi-conducteurs pour mémoires RAM dynamiques (DRAM) en provenance de Corée”.
Australie - Certaines mesures concernant les marques de fabrique ou de commerce, les indications géographiques et autres prescriptions en matière d’emballage neutre applicables aux produits du tabac et à leur emballage
Le 9 juin 2020, l’Organe d’appel a remis ses rapports dans les procédures engagées par le Honduras et la République dominicaine dans l’affaire “Australie — Certaines mesures concernant les marques de fabrique ou de commerce, les indications géographiques et autres prescriptions en matière d’emballage neutre applicables aux produits du tabac et à leur emballage” (DS435 et DS441).
États-Unis - Mesures antidumping et compensatoires visant certains papiers couchés en provenance d’Indonésie
Le 6 décembre 2017, l’OMC a distribué le rapport du Groupe spécial sur l’affaire “États-Unis — Mesures antidumping et compensatoires visant certains papiers couchés en provenance d’Indonésie” (DS491) introduite par l’Indonésie.
Saudi Arabia, Kingdom of - Measures Concerning the Protection of Intellectual Property Rights
On 16 June 2020 the WTO circulated the panel report in the case brought by Qatar in “Saudi Arabia — Measures concerning the Protection of Intellectual Property Rights” (DS567).