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Hankook Tire is expected to return to the U.S. market
 

Han China and the U.S. on the tires and then surged on the case. World Trade Organization on May 24 issued a communique shows that China has informed the World Trade Organization arbitration, decided to safeguard measures on China-US WTO Dispute tire expert group to appeal the case. This is the last on December 13 the World Trade Organization ruling tires and China in the United States after losing a dispute, China has once again appealed.

    Punitive tariffs by the United States after the bitter Hankook Tire Jiaxing factory, the production of all passenger car tires, with an annual capacity of approximately 16 million, of which 60% of domestic sales and exports part 1 / 3 of exports to the U.S. market, the company large amount of product involved.

    In the United States is a violation of the rules of the World Trade Organization, the two sides have a foothold: the United States that from 2004 to 2008, China's rapid increase in exports to the U.S. Number of tires in US tire industry is under attack, so sanctions reasonable; and China Ministry of Commerce spokesman Yao after losing in an interview last year, said the U.S. safeguard measures are taken to shift the domestic political pressure to trade protectionist measures, and since the implementation of safeguard measures, the U.S. tire industry, the employment rate did not rise has declined, so the practice was illegal.

    Insiders pointed out that because there is no precedent before the safeguard measures, the interpretation of legal provisions is not clear, so that became involved in the case that their mutual reasonable, the other unreasonable "Rashomon" incident. Chinese tire enterprises can appeal through the "turnaround" and return to the U.S. market? Interviewed experts believe that the appeal could follow the United States and other countries prepared to play the role of pressure and warnings, it is necessary.

    In fact, after the tires safeguard, South Korea and Thailand were in significant operational adjustments. Hankook Tire Jiaxing factory of all passenger car tires, now part of their production capacity has been transferred to South Korea, and increased efforts to develop the domestic market. If the trip to China in the World Trade Organization, "pull" back to a Board, means that South Korea and Thailand is expected to return to the U.S. market.

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