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WTO Notes Fall In G-20 Trade Disputes

by Mike Godfrey, Tax-News.com, Washington

16 June 2015


There has been a slowdown in the number of trade-restrictive measures introduced by G-20 countries, according to a new report from the World Trade Organization.

The WTO's Report on G-20 Trade Measures, released on June 12, 2015, covers the period October 16, 2014, to May 15, 2015. It said that, during the period, G-20 economies applied 119 new trade-restrictive measures. An average of 17 new measures were applied per month, lower than at any time since 2013.

There was a slight decrease in anti-dumping investigations by G-20 members during October to April, compared with a year earlier. During the period, G-20 members initiated 115 anti-dumping investigations, compared with 118 a year earlier. In the comparable period in 2012-2013, the G-20 launched 88 anti-dumping investigations.

India initiated the most anti-dumping investigations (28), followed by Turkey (16), and the United States (14).

The report said that G-20 nations continued to adopt measures aimed at facilitating trade. The countries introduced some 112 new trade facilitating measures in the period, an average of 16 measures per month. When counted without trade remedy actions, G-20 economies have adopted more liberalizing import measures than restrictive measures since the end of 2013.

The G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union.

TAGS: tax | India | export duty | tariffs | anti-dumping | World Trade Organisation (WTO) | United States | import duty | trade | Turkey

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