Anti-dumping action against cheap imports slips back: WTO

6th December 2010, Comments 0 comments

The world's trading nations reined in anti- dumping action in the first half of the year with a 29 percent drop in probes into cheap imports, World Trade Organization data showed on Monday.

China continued to be the main country targeted by such investigations although the pace declined, while India was the top user of the anti-dumping system, according to the WTO data for the period between January and June 30, 2010.

The global trade body gave no reasons for the trend as the glopbal economy was recovering, although heightened anti-dumping action is often taken as a sign of greater protectionist pressures.

Nineteen WTO members launched 69 investigations into suspected dumping -- selling exported goods at below domestic production price -- compared to 97 during the same period a year earlier.

Measures taken against dumping, usually extra duties on imports, fell by about five percent, with 14 nations or trading blocs applying measures.

India began 17 investigations into cheap imports, followed by the European Union (eight) and Argentina (five).

Chinese exports -- mainly metals, chemicals and plastics -- were targeted the most, accounting for one third of the probes, but the number declined by 17 percent compared to early 2009.

The WTO last week ruled that anti-dumping measures imposed by the European Union on imports of Chinese metal fasteners, such as screws, nuts and bolts, were illegal, in a dispute brought in 2009.

© 2010 AFP

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