South Korea, US Given More Time to Settle Large Washer Dispute

The World Trade Organization's Dispute Settlement Body granted South Korea and the U.S. more time to find a possible settlement in the dispute over the U.S.'s safeguard measures on large residential washers, the WTO said Oct. 5. The U.S. and South Korea asked the DSB to adopt the dispute settlement panel's findings no later than Dec. 20, unless the DSB decides not to do so or either party tells the DSB of its decision to appeal the ruling. The DSB agreed to the terms.

This marks the third time both the U.S. and South Korea sought an extension of the settlement discussions. South Korea, which initiated the case, said it and the U.S. shared a desire to see a "positive resolution," the WTO said. Both parties agreed to continue talks to find a solution. The DSB's next meeting is Oct. 26.