Anti-dumping probes in India doubled in a year: WTO
India topped the list of countries, initiating at least 28 anti-dumping investigations between October 2014 and April this year, a World Trade Organisation (WTO) report said. The report on trade-related developments in WTO member countries during October-May 2014-15 released on Thursday shows that India initiated the maximum number of investigations related to anti-dumping against exports from different countries. The country had initiated only 15 such probes during the same period a year ago, when Brazil had initiated the largest number of 35 investigations. This time, Turkey and the US are at second and third positions respectively with initiating 16 and 14 cases each. Though the US has maintained the second spot on the list, this time the number of investigations reduced from 23 a year ago. The report also shows that China has been the most frequent target of anti-dumping probes. “China remains the country that is most frequently affected by the initiation of anti-dumping investigations,” it said, although the share of initiations that targeted China declined from 30% during the last year period to 22% this year. “The Republic of Korea was targeted next after China, along with India and the US, with 7% of initiations each,” the report said. Major sectors that witnessed anti-dumping investigations across the globe included metals, chemicals, plastic goods, machinery and stone/plaster products. The total number of initiations of anti-dumping investigations remained relatively stable over the two periods examined, with 130 initiations registered during the first period (October 2013 to April 2014) and 122 during the second (October 2014 to April 2015). “However, the number of investigations initiated by individual members varied, in some cases significantly, between the periods,” the report said, adding, “Reductions in the number of investigations initiated in the second period were seen for Brazil, the US and Australia, while the number of initiations from India, Mexico and the EU increased significantly.” The WTO's mid-year assessment of trends in the global trade found that member countries adopted 104 new trade-restrictive measures, excluding trade remedy measures from October 2014 to May 2015. However, the number of trade-liberalizing measures was 114, more than that of restrictive measures.
July 24, 2015 | 4:25 pm IST.
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