IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 07 Feb 2021 | Removal date: open ended
Still in force

Safeguard

On 5 April 2018, the Republic of Korea submitted a notification under article 12.5 of the WTO Safeguard Agreement on the decision to suspend concessions and other obligations stipulated in said agreement. The proposed suspension follows the imposition of safeguard duties on imports of certain crystalline silicon photovoltaic ("CSPV") cells and modules from 7 February 2018 until 6 February 2022 by the United States, see related state act. The Republic of Korea in this context stated that: "The further details of the suspension of concessions and other obligations will be provided to the Council for Trade in Goods before their application. The application of the suspension of concessions and other obligations will come into effect on 7 February 2021 or following the date of a decision from the WTO Dispute Settlement Body that the safeguard measure imposed by the United States is incompatible with the WTO Agreements, whichever is earlier. The suspension of concessions and other obligations will continue to apply until the United States' safeguard measure is lifted."

Notably, Japan and China also notified the WTO of suspending concessions and other obligations in reaction to the imposition of duties on certain crystalline silicon photovoltaic by the United States, see related state acts.

AFFECTED COUNTRIES

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