WTO Strikes Down Ukraine Safeguards on Japanese Cars
Ukraine’s emergency measures to limit imports
of certain Japanese passenger cars are largely in violation of global trade
rules, a WTO panel said last Friday, while backing Kiev on some procedural
points. The panel has also suggested that Ukraine remove the duty, though these
findings could be appealed.
The
panel report (DS468) circulated last Friday focused on both the measures
themselves – known as “safeguards” in trade parlance – as well as the
investigation behind them. These safeguards can be imposed when there has been
an import surge of a particular good, should this surge cause serious injury –
or threaten to do so– to domestic industry.