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Source: The post is based on the article “India topped list of trade-related concerns at WTO in 2021 with 35% share” published in Business Standard on 30th July 2022.
What is the News?
The World Trade Organization(WTO) has released its annual report.
What are the key takeaways from the report?
Trade Related Concerns raised against India:
Over a third (35%) of the new trade-related concerns in 2021 were raised against various import-related restrictions imposed by India.
– These issues were raised by countries such as China, Japan, European Union, Indonesia and the United States(US).
Leading Initiators of Anti-dumping measures: India and the US were the leading initiators of anti-dumping probes, accounting for more than 30% of new investigations.
Note: Countries can impose anti-dumping measures or duties on imports of a product where the exporting company sends the product at a price lower than its normal value and lower than the price it charges in its home market. The dumped imports cause or threaten to cause injury to the domestic industry in the importing country.
