India has initiated four anti-dumping cases, one countervailing and two safeguard measures between May 15 and Sept 30 this year, a World Trade Organization...
India has initiated four anti-dumping cases, one countervailing and two safeguard measures between May 15 and September 30 this year, a World Trade Organization (WTO) report today said.
Brazil started the maximum of 22 anti-dumping cases during this period, followed by Canada (12) and European Union (8). Similarly, Canada topped the chart for starting a maximum of 11 countervailing measures followed by the US (10),
India had initiated 15 anti-dumping cases and one safeguard measures between May 15 and September 30, 2013.
The report on G-20 Trade Measures said that restrictive trade steps introduced by G-20 economies including India since 2008 continue to rise despite the pledge to roll back any new protectionist measures that may have arisen.
The report said that of the 1,244 restrictive measures recorded by this exercise since the onset of the crisis in 2008, only 282 have been removed, it said adding the total number of restrictive measures still in place now stands at 962 – up by 12 per cent from the end of the reporting period in November 2013.
G-20 economies applied 93 new trade-restrictive measures during the period between mid-May and mid-October.
“This equates to over 18 new measures per month, which is unchanged compared to the previous period. A positive development saw the number of restrictive measures affecting exports decline significantly during the period,” it added.
It said that the “G-20 economies must take decisive action to reduce this stock of trade restrictions by showing restraint in the imposition of new measures and by effectively eliminating existing ones”.