Seoul Notifies WTO of Chinese THAAD Retaliation

Write : 2017-03-20 15:44:27 Update : 2017-03-20 15:45:17

Seoul Notifies WTO of Chinese THAAD Retaliation

The South Korean government has notified the World Trade Organization(WTO) of issues related to China's economic retaliation to the THAAD deployment.
 
Trade Minister Joo Hyung-hwan on Monday told the parliamentary Trade, Industry and Energy Committee that the issue was officially brought to the WTO’s Council for Trade in Services on Friday for possible violations of international law.
 
Seoul pointed to the WTO's most-favored-nation principle, under which countries cannot discriminate between their trading partners, and the national treatment rule, which prohibits a discrepant taxation and other measures between imports and home-made goods.
 
Joo said it is unlikely that the Chinese government would acknowledge violations but Seoul needs to make clear the plausibility of the state-level economic retaliation measures.
 
He added that the government will continue to secure evidence and respond appropriately should a South Korean company be treated unreasonably.
 

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