World Business NewsA round up of the latest news for those doing business internationally
G-20 pushing for freer trade, despite new duties
Zone(s): USA, Global ¦ Sector(s): Taxation, Trade
[23 June 2014, Tax-News.com] By Mike Godfrey, Tax-News.com, Washington, USA: Group of Twenty nations initiated 88 new anti-dumping investigations between November 15, 2013, and May 15, 2014, according to a new report from the World Trade Organization, but there was a net fall in trade-restrictive measures. The figure represents an increase on the 76 anti-dumping investigations initiated between November 15, 2012, and May 15, 2013. The increase in initiations in the second period is due to increased anti-dumping activity in Australia, Brazil, South Korea and the United States, the WTO’s Report on G-20 Trade Measures says.
These increases have more than offset a decline in initiations by Argentina and India who – after tying for the most active member in the previous period with 15 new investigations apiece – in total launched just 13 investigations in the latest period. The WTO pointed out that since the first monitoring report was circulated in September 2009, the number of anti-dumping investigations initiated by G-20 members declined through mid-2011. Anti-dumping activities rebounded in the second half of 2011, and peaked in 2013, with 238 new investigations initiated by G-20 states. It is “not unlikely” that initiations launched by end-2014 will reach a similar number, the report said.