WTO sets deadline on Japan's import rules

The World Trade Organization is giving Japan until September 1 to change its punitive charges on imports of South Korean computer memory chips, an Associated Press report said.

A WTO arbitrator said this gives Japan a reasonable period of time to reshape its tariffs to conform with global trade rules.

Seoul complained to the WTO about a 27.2% charge Tokyo levies on imports of dynamic random access memory made by South Korea's Hynix Semiconductor. DRAM chips are used in computers and other high-tech products, the Associated Press report said.

The WTO arbitrator's decision, published Monday, follows a panel ruling in November from a WTO panel that Japan incorrectly calculated the tariff.
The panel stopped short of ordering Tokyo to scrap the fees outright.