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(Korea) Import restriction increases in developing countries
03/03/2010 12:00
The number of import restrictions imposed to Korean products in emerging markets increased last year, a report found yesterday.
According to the Korea International Trade Association, 16 new cases of import limitations on Korean products from developing countries including India, Pakistan and Russia were reported while two came from advanced countries.
The number of import restriction imposed by India was the highest with 29 cases followed by China and United States with 20 and 15, respectively. Import limitations imposed by the three countries accounted for 52.6 percent of the total cases reported around the world.
"We need to have countermeasures to deal with the growing number of import restrictions in developing countries," an official said.
"The country also needs to flexibly deal with the matter by expanding bilateral cooperation and seeking close international relationship."
Anti-dumping cases accounted for 80.7 percent of the total while 18 cases faced emergency safeguard measures. Limits on petrochemical products accounted for 43 percent followed by steel and textile cases with 27 and 19 cases, respectively.
According to the Korea International Trade Association, 16 new cases of import limitations on Korean products from developing countries including India, Pakistan and Russia were reported while two came from advanced countries.
The number of import restriction imposed by India was the highest with 29 cases followed by China and United States with 20 and 15, respectively. Import limitations imposed by the three countries accounted for 52.6 percent of the total cases reported around the world.
"We need to have countermeasures to deal with the growing number of import restrictions in developing countries," an official said.
"The country also needs to flexibly deal with the matter by expanding bilateral cooperation and seeking close international relationship."
Anti-dumping cases accounted for 80.7 percent of the total while 18 cases faced emergency safeguard measures. Limits on petrochemical products accounted for 43 percent followed by steel and textile cases with 27 and 19 cases, respectively.
(christory@heraldm.com)
By Cho Chung-un
2010.02.27
By Cho Chung-un
2010.02.27
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