World Trade Organization

EU Says South Korea Not a Developing Country

GENEVA, Jan 10 (Reuters) - The European Union said on Wednesday that South Korea had no right to claim treatment as a developing country in the World Trade Organisation (WTO). The complaint was voiced by an EU envoy during discussion in the WTO Dispute Settlement Body (DSB) on a recent ruling against Seoul over rules it sets on how beef is sold in the country's shops.

Trade Winds Gathering Force

When they look back at us with the knowledge that only the future can bring, tomorrow's generations may well mark 2001 as the year of a new beginning--or the year of an ignominious ending--for a remarkably beneficial time in which world trade raised many boats.