Monday, December 6, 2010
In a weak economy, countries are often tempted to adopt measures designed to protect their own domestic industries at the expense of international trade. However, the World Trade Organization (WTO) announced today that new anti-dumping investigations were actually 29% lower during the first six months of 2010 as compared to the same time period in 2009. In addition, new anti-dumping measures, i.e., tariffs imposed on goods sold at less than fair value, were down 5% during the same time period. India led the pack in terms of the number of new investigations initiated (17), with China being the country most often subject to investigations (23). India also adopted the most new anti-dumping measures (17). The products most affected were base metals, followed by chemicals. More details can be found here on the WTO website.