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Japan could impose tariffs on Hynix, says report

Posted: 30 Jun 2005 ?? ?Print Version ?Bookmark and Share

Keywords:chip?

Japan may impose a punitive tariff on chips imported from South Korea's Hynix Semiconductor Inc. after the World Trade Organization's appellate panel ruled in favor of the U.S. in a tariff dispute with the company, according to South Korea's Digital Chosun website.

Japan's economics minister Shoichi Nakagawa on Tuesday (June 28) told reporters the country had no objection to the WTO decision, which overturned a previous decision and found the U.S. was right to impose a punitive tariff on Hynix, the report said.

The report said Nakagawa hinted that Japan would now move to impose a tariff of its own on Hynix.

The Japanese government has been planning to impose countervailing duties of up to 40 percent since January 2004. The move would have followed U.S. imposed tariffs of 44.71 percent and European Union tariffs of 34.8 percent but Japan has not acted since then as the U.S. and European tariffs were challenged by South Korea.

- Peter Clarke

EE Times





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