Japan complains to WTO over "illegal financial support" by S. Korea to shipbuilders
- 5 years ago
Japan has launched a complaint at the World Trade Organization,... to contest what it says is illegal financial support given by South Korea to commercial shipbuilders.
According to the WTO filing published on Tuesday,... Japan says South Korea had implemented a range of measures to help its shipbuilders with direct financing that enabled shipbuilders to remain afloat in prolonged periods of otherwise unsustainable low pricing.
They added South Korea also provided "sales support" to the shipbuilders, and their customers,... which helped stimulate sales during periods of low demand.
According to the WTO filing published on Tuesday,... Japan says South Korea had implemented a range of measures to help its shipbuilders with direct financing that enabled shipbuilders to remain afloat in prolonged periods of otherwise unsustainable low pricing.
They added South Korea also provided "sales support" to the shipbuilders, and their customers,... which helped stimulate sales during periods of low demand.