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Protection is not the answer in dangerous times

24/12/2008

The question whether the Obama presidency could deliver the coup de grâce to the sickly Doha trade round may seem like a mere footnote to the unfolding economic drama. Doha’s few ardent supporters concede that the direct boost from a global trade accord would be modest – peanuts compared with the hundreds of billions of fiscal stimulus being pumped into the stalling global economy.

Dull Steel demand to stay in 2009 - Experts

24/12/2008

It is reported that the worldwide financial crisis has spread into broader economy and plunged a host of steelmakers into huge losses. And many steel experts suggest a difficulty path for next year with bleak demand prospect amid the sustained global economic woes.

Cheap imports threaten Indian chemical firms

24/12/2008

The ongoing global recession is posing a unique threat to the Indian chemical industry as the companies are finding increased competition from global chemical suppliers who are turning in large numbers to tap the ‘still growing’ Indian markets. Prices of a broad range of basic chemicals including polymers, petrochemicals, and agro-chemicals have crashed 30 to 70 per cent in the last two months due to cheap imports, industry complains.

Stimulus II: Easier duties, cheaper loans

24/12/2008

Domestic industry could get more protection and car and two-wheeler loans could become easier under a new stimulus package of monetary and fiscal measures expected this week. Banks may be given room to reduce lending rates further.

Brighter future for Scots candles

24/12/2008

The fall in the value of sterling against the Euro and a new EU anti-dumping tariff on imported candles could help a Scottish firm boost its share of the UK market.

Anti-dumping probe affects stainless steel end users in Maharashtra

24/12/2008

Indian companies import those grades and sizes of stainless steel which do not directly affect the domestic manufacturers

WTO issues negotiating text on trade rules

24/12/2008

GENEVA (Reuters) - The World Trade Organisation (WTO) issued a revised negotiating text on Friday for trade rules but made clear that members had differences on measures to deal with unfairly priced imports and subsidised goods.

US files WTO dispute against China over 'famous brands'

24/12/2008

THE US filed a claim against China with the World Trade Organisation today to end measures to promote the country's "famous brands," arguing that the policy is protectionist.