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UPDATE 1-South Korea scores partial win in WTO ruling on U.S. steel pipe duties
(Adds South Korean statement, background)
GENEVA/SEOUL, Nov 14 (Reuters) - South Korea won a partial
victory on Tuesday when a World Trade Organization panel ruled
on its legal challenge to U.S. anti-dumping duties on steel pipe
used in the oil industry, but Seoul lost most of the arguments
it had made.
The WTO dispute panel faulted the U.S. Department of
Commerce for the way it calculated the tariffs applied to the
South Korean pipes, known as oil country tubular goods (OCTG).
Either side can appeal the ruling within 60 days, but
otherwise the United States will be expected to lift its
anti-dumping measures, which would increase South Korean
exports, South Korea's Trade Ministry said in a statement.
"We also expect the ruling to play a role in countering U.S.
trade protectionism as the panel ruling found the U.S.
anti-dumping actions were illegal," it said.
Seoul went to the WTO three years ago after the U.S.
International Trade Commission ruled that OCTG imported from
South Korea, India, Taiwan, Turkey, Ukraine and Vietnam would be
subject to anti-dumping duties.
South Korea’s OCTG exports to the United States were worth
$818 million in 2013, more than the combined imports of the
other countries involved in the case.
Steel pipes are high-margin products used in the energy
sector and had been a bright spot in the sluggish steel
industry, at the time, benefiting from a boom in the U.S. shale
oil and gas industry.
(Reporting by Tom Miles and Jane Chung; Editing by Matthew
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