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WTO gives Japan until September to change chip import rules
posted 1:23 pm Mon May 05, 2008 - GENEVA
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The World Trade Organization is giving Japan until Sept. 1 to change its punitive charges on imports of South Korean computer memory chips.A WTO arbitrator said this gives Japan a reasonable period of time to reshape its tariffs to conform with global trade rules. Seoul complained to the WTO about a 27.2 percent charge Tokyo levies on imports of dynamic random access memory made by South Korea's Hynix Semiconductor Inc. DRAM chips are used in computers and other high-tech products.
The WTO arbitrator's decision, published Monday, follows a panel ruling in November from a WTO panel that Japan incorrectly calculated the tariff. The panel stopped short of ordering Tokyo to scrap the fees outright.
The WTO arbitrator's decision, published Monday, follows a panel ruling in November from a WTO panel that Japan incorrectly calculated the tariff. The panel stopped short of ordering Tokyo to scrap the fees outright.
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