New Delhi: India was second only to
Argentina among the G-20 nations in initiating anti-dumping
investigations during January-July 2009, and tops the list of
countries that have launched safeguard probes, a WTO report
says.
According to the report, India had started 15 anti-
dumping investigations in the first seven months of 2009,
while Argentina accounted for 19. In the same period a year
ago New Delhi had initiated 13 anti-dumping investigations.
On the basis of analysis of historical patterns of anti-
dumping and safeguard activities in previous business cycles,
it is to be expected that the current economic crisis will
result in a significant rise in the use of these steps, it
said.
"This is, therefore, an area in which particular
restraint is called for by G-20 members," it said.
In 2009, the number of anti-dumping investigations
initiated by G-20 members is at par with that in the same
period of 2008, although the distribution of investigations
among individual members has changed substantially in a few
cases, it added.
During the period, the G-20 nations had initiated 86 anti-
dumping measures, aimed at protecting their domestic
industries from cheap imports.
The report prepared on the request of G-20 leaders would
be presented during G-20 Summit at Pittsburgh later this
month.
Bureau Report
First Published: Monday, September 14, 2009, 22:38