In a final decision that followed a nine-month probe, South Korea's regulatory authority came up with anti-dumping duties of up to 10.65 percent for five years against Vietnamese plywood products for causing damage to South Korean producers.
International trade remedies are used by many countries to protect their domestic industries, especially now production has stalled due to the impacts of COVID-19.
The current wave of protectionism, which has seen the imposition of new tariffs and other trade restrictions, will cost the global economy as much as US$10tn in GDP by 2025, according to a new report from HSBC and Boston Consulting Group (BCG).
India has initiated an anti-circumvention investigation to think about extension of present anti-dumping obligation on imports of axle for trailers from China.
Deputy Prime Minister and Finance Minister Chrystia Freeland will be unveiling Canada’s retaliatory measures in response to the United States’ tariffs on Canadian aluminum on Tuesday, CTV News has learned.
A month since the Vietnam-EU Free Trade Agreement (EVFTA) took effect (August 1, 2020), seafood exports to the EU market recorded a clear increase compared to the previous month.
China on Tuesday said it has decided to exempt tariffs on some US products for one more year, a move seen as another concession in an ongoing trade dispute between the two economic giants.
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