2 complaints lodged with the WTO are now in limboTwo out of Korea’s six complaints pending at the World Trade Organization will be left in limbo due to the suspended operation of its dispute settlement body, according to a local think tank Sunday.
Earlier this week, the WTO Appellate Body shut down as it failed to meet the minimum quorum of three judges after the United States blocked the appointment of new ones in line with President Donald Trump’s protectionism drive.
Asia’s No. 4 economy currently has six trade disputes pending at the Geneva-based organization, with two of them being directly affected by the latest deadlock, the Korea Institute for International Economic Policy (KIEP) said.
One of the two affected cases is a complaint filed against the United States over high anti-dumping tariffs. The other is a suit filed by Tokyo against Seoul on tariffs for stainless steel.
Washington has been protesting against the role of the WTO dispute body, including its excessive power, and insisted that it will continue to veto any appointment of judges until its demands are met.