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  • KITA Refutes US Industry’s Request to Impose Section 232 on Korean Transformers
    2020-07-27 hit 1723

    KITA Refutes US Industry’s Request to Impose Section 232 on Korean Transformers 

    -  Submitted a rebuttal to the United States Department of Commerce on July 24th stressed security alliance between Korea and the US”  -


    Regarding US transformer producers' claims that regulatory measures should be imposed on the imported transformers from Korea in accordance with the national security threat investigation under Section 232 of the Trade Expansion Act, the Korea International Trade Association (Chairman: Kim Young-Ju) announced that it had submitted a rebuttal to the United States Department of Commerce on July 24th.


    According to the Korea International Trade Association, transformer producers in the United States have recently submitted a joint statement to the United States Department of Commerce, stating that “Korean transformer producers intentionally damaged the US transformer market through dumping, and regulatory measures should be imposed on Korean transformers based on the investigation under Section 232.


    In the rebuttal, the Korea International Trade Association argued, Dumping acts cannot be grounds for threat to the national security of the United States, and added, Korea is the only country that its export is decreasing among the countries exporting transformers to the United States. This is the evidence that imports of Korean transformers do not threaten national security.


    The US transformer producers said, Since Canada is an ally of the United States, transformers from Canada should be exempted from the Section 232 considering the fact that the ‘US-Mexico-Canada Agreement (USMCA)’ has come into effect. In regards to this statement, the Korea International Trade Association expressed, If security relations with the United States are important in the Section 232 exclusion process, Korea, which is one of the United States’ strongest allies and has signed a free trade agreement (FTA) with the country, must be excluded from the Section 232.  


    The Korea International Trade Association submitted an official statement to the United States Department of Commerce on June 9th requesting the government to exclude Korean transformers from the investigation under Section 232 of the Trade Expansion Act initiated for imported transformers and components.


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