May 06, 2008	Tuesday	Rabi-us-Sani 29, 1429

GENEVA, May 5: Japan must drop punitive tariffs on imports of semiconductors made by South Korean firm Hynix by September 1, a World Trade Organisation arbitrator ruled on Monday.

Arbitrator David Unterhalter wrote in the ruling that the “reasonable period of time” for Japan to implement the judgement of the WTO’s dispute settlement panel is eight months and two weeks from December 17, 2007, the day when the judgement was delivered.

“The reasonable period of time will therefore expire on 1 September 2008,”he wrote.

The WTO found last year that Japan’s punitive tariffs on imports of semiconductors made by South Korean firm Hynix were illegal.

It said Japan had “improperly imposed countervailing duties” and called on Tokyo to bring its measures into line with world trade rules.—AFP