Japan guns for Korean shipbuilders over ‘unfair’ subsidies

14 Nov 2018 - by Staff reporter

Japan has requested World Trade Organisation (WTO) dispute consultations with Korea concerning alleged subsidies provided by the Korean government to its shipbuilding industry. Japan’s request was circulated to WTO members on 13 November.

Japan claims that the challenged measures, which include funds, loans, guarantees, insurance and other financing, are inconsistent with the WTO's Agreement on Subsidies and Countervailing Measures (SCM Agreement) and the General Agreement on Tariffs and Trade (GATT) 1994.

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