WTO Reports 39% Increase in Antidumping Investigations
The World Trade Organisation (WTO) recently announced a 39% increase in the number of antidumping investigations initiated by WTO members during the first six months of 2008 as compared to the same period in 2007.
During January to June 2008, 16 WTO Members initiated a total of 85 new investigations, compared with 61 initiations reported by 16 Members for the same period in 2007.
Turkey reported the most initiations –13 – while the U.S. reported 12, India 11, and Argentina and the European Union 10 each.
As usual, China was most frequent subject of the new investigations, with nearly one half (37) of all of the new initiations reported for January-June 2008 directed at its exports. This was a 76%increase over the 21 new investigations opened against Chinese exports during January to June 2007.
The products most frequently subject to antidumping investigations during the first half of 2008 were: base metals (21 cases), textiles (20) and chemicals (10).
Given the current state of the world economy, the number of antidumping investigations is expected to increase even further in 2009.