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WTO worried over barriers due to crisis

30/03/2009

The World Trade Organization (WTO) on Thursday warned about an “incremental build-up of restrictions” in the wake of worsening global economic crisis.

'Fish fraud' rampant in U.S., government auditors say

30/03/2009

Mislabeled seafood is swimming into U.S. kitchens, sickening people and cheating consumers who aren't getting what they have paid for.

WTO Warns Members Not to Undermine Trade

30/03/2009

BRUSSELS -- A steady buildup of protectionist measures could "slowly strangle" international trade and undercut the effectiveness of national stimulus plans, according to a report the World Trade Organization sent its 153 members on Thursday.

India to impose anti-dumping taxes on Vietnam’s CD-Rs

26/03/2009

The Indian Ministry of Commerce and Industry has accused Vietnam of dumping recordable compact discs (CD-R) in India and the agency will subsequently impose a tax rate of US$46.94 per 1000 discs over the next three months.

Global protectionism will hurt Korean steelmakers

26/03/2009

The Korean steel industry is facing new challenges as protectionism spreads.According to the Korea Trade-Investment Promotion Agency, or Kotra, yesterday, the U.S. steel industry could take legal action against dumping, or selling items below cost. This is a red flag for Korean steel producers. Just last month, the European Confederation of Iron and Steel Industries, or Eurofer, dropped an antidumping lawsuit against Korean stainless steel products.

Safeguard duty imposed on aluminium items

26/03/2009

The government today imposed safeguard duty on import of some aluminium and chemical products.The move was carried out in a bid to protect the domestic industry from surge in import of these items from countries like China.

Duty move splits polymer producers, processors

26/03/2009

Even as the crude oil prices are rising, it has not been reflected in the prices of polymers that are derivative products of crude oil. The polymer makers are facing a demand slump resulting in lower prices. In the December quarter, most of the refineries globally had drastically cut production as there was a sudden drop in demand for petrochemicals and polymers due to the slowdown.

European Barriers to American Biodiesel

26/03/2009

Amid persistent talk of global protectionism these days, with Mexico, Russia and India tightening up on imports for one reason or another, the energy sector appeared fairly immune from the barriers — until now.