The Global Resort to Antidumping, Safeguards, and other Trade Remedies amidst the Economic Crisis
This paper examines newly available data from the World Bank-sponsored Global Antidumping Database tracking the worldwide use of trade remedies such as antidumping, countervailing duties, global safeguards and China-specific safeguards during the c...
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090914083619 http://hdl.handle.net/10986/4243 |
| Summary: | This paper examines newly available data
from the World Bank-sponsored Global Antidumping Database
tracking the worldwide use of trade remedies such as
antidumping, countervailing duties, global safeguards and
China-specific safeguards during the current economic
crisis. The data indicate a marked increase in WTO members
combined resort to these instruments beginning in 2008 that
continued into the first quarter 2009. The use of these
import-restricting instruments is increasingly affecting
"South-South" trade, i.e., developing country
importers initiating and imposing new protectionist measures
primarily affecting developing country exporters, with a
special emphasis on exports from China. However, the
collective value of imports in 2007 for the major (G-20)
economies that has subsequently come under attack by the use
of import-restricting trade remedies during the period of
2008 to early 2009 is likely less than $29 billion, or less
than 0.45 per cent of these economies total imports, though
there is substantial variation across countries. While the
level of trade affected thus far may be small for most of
these economies, a first assessment of some of the
case-level data identifies a number of ways in which the
crisis use of these import-restricting trade remedies may
have economically important welfare-distorting effects on
economic activity. |
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