150724 Deal could cut tariffs on $1 trillion in tech trade

30/07/2015 12:00 - 612 Views

The increasing number of trade-restrictive measures, including new tariff barriers to trade, remains a cause for concern, says a new report from the World Trade Organization (WTO).
The report found that 104 new trade-restrictive measures (excluding trade remedy measures) were put in place in the reporting period October 16, 2014, to May 15, 2015 – an average of around 15 new measures per month.
Of the 2,416 measures recorded since October 2008, less than 25 percent have been removed, leaving the stock of restrictive measures still in place at 1,828. This represents an increase of 12 percent compared with the last report.
The number of initiations of anti-dumping investigations totaled 122 in the period between October 2014 and April 2015. By comparison, 130 investigations were launched between October 2013 and April 2014.
During the latest review period, India was responsible for the most anti-dumping investigations (28), followed by Turkey (16), and the United States (14).
On the positive side, an increasing number of trade-liberalizing measures, such as tariff-cutting measures, were adopted by WTO members during the period under review, the WTO said. WTO members implemented 114 new trade-liberalizing measures, an average of more than 16 measures per month.

July 24, 2015
Source: Tax News