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Commercial law. Economic law (general) --- Law of international organizations --- World Trade Organization --- Protectionism --- Imports --- Foreign trade regulation --- Foreign trade regulation. --- Imports. --- Protectionism. --- World Trade Organization.
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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, id est, 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 USD 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.
Competitiveness concerns --- Countervailing duties --- Countervailing measures --- Domestic industry --- Dumped imports --- Economic Theory and Research --- Emerging Markets --- Exchange rate --- Financial crisis --- Foreign countries --- Free Trade --- Import competition --- Import restrictions --- International bank --- International business --- International Economics & Trade --- International trade --- Law and Development --- Macroeconomics and Economic Growth --- Policy basis --- Policy research --- Private Sector Development --- Public Sector Development --- Trade barrier --- Trade flows --- Trade Law --- Trade Policy --- Trade policy --- Trade remedies --- World trading system
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This paper examines the role of the public sector in providing additional information to exporters in developing countries as they seek to monitor and keep open their access to foreign markets by using the rules of the WTO system. It highlights new information generation and dissemination initiatives undertaken by the WTO Secretariat, Global Trade Alert, and the World Bank in response to the global economic crisis of 2008-2009. Given trends in the imposition of new crisis-era trade barriers that these initiatives have identified, the paper describes ways in which the new sources of rich and detailed data may be used to further assist developing country exporters that may lack the capacity to sufficiently monitor their trading interests by relying solely on private resources.
Antidumping --- Antidumping Database --- Dispute settlement --- Dispute settlement process --- Economic Crisis --- Economic Theory & Research --- Emerging Markets --- Exporters --- Foreign market --- Foreign markets --- Free Trade --- Global Trade --- International Economics and Trade --- International market --- International trade --- Law and Development --- Macroeconomics and Economic Growth --- Market access --- Multilateral negotiations --- Positive externalities --- Private Sector Development --- Trade barriers --- Trade flows --- Trade Law --- Trade policies --- Trade Policy --- Trade restrictions --- World trade
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