Protectionism Current Affairs, GK & News
The US has initiated new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped there and to find if producers in India are receiving unfair subsidies. In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and ..
The Ministry of Finance has approved imposing of anti-dumping duty on import of electrical insulators (glass or ceramics/ porcelain) from China. What are electrical insulators? Electrical insulators are typically used in bushings, disconnectors, circuit breakers, transformers, power transmission and distribution lines, including railways. Anti-dumping Duty on Electrical Insulators from China The anti-dumping duty will be ..
US President Trump has made a sharp criticism against the World Trade Organisation (WTO) for allowing countries such as India and China to engage in unfair trade practices that affect American economic interests. President Trump questioned the “developing country” status enjoyed by India and China at the WTO and argued that these countries are not ..
Topics: Commercial policy • Free trade • Law by country • Least developed countries • Politics by country • Protectionism • Tariff • Trade • Trade agreement • US-China Trade War • World government • World Trade Organisation • World Trade Organization • WTO
On December 12, the European Parliament has approved the world’s largest free trade deal between Japan and the European Union (EU). The EU-Japan Economic Partnership Agreement will go into effect in February 2019. It will remove duties on almost all agricultural and industrial products as well as open up the service sector and procurement. It ..
Commerce Minister Suresh Prabhu has recently approved the constitution of a High Level Advisory Group (HLAG) to look into the opportunities and ways to address the ongoing challenges in the global trade scenario. The HLAG will be headed by Surjit S. Bhalla, Director of Oxus Research and Investments. The HLAG will consider ways for boosting ..