As the world’s largest export-oriented economy, the fastest-growing consumer market and the largest trading nation, China has always played a prominent role in international trade. Keeping pace with the increased globalization, China has been taking steps to increase its participation in trade organizations and to sign treaties and free trade agreements / regional trade agreements. […]

In January this year, the United States of America (USA) raised the import duties leviable on steel and aluminium derivatives, which came in addition to the hike in duties back in March, 2018. India had then raised the issue to the World Trade Organization’s (WTO) Safeguard Committee, to which USA had responded that the taxes […]

The world today has come to a near halt due to the COVID-19 (Coronavirus) pandemic. While undoubtedly the pandemic has unleashed a horror in terms of high infection and mortality rates, its severe impact on the global economy is also a cause of great worry. As the pandemic spreads its claws over the globe, a […]

Across the globe, the use of non-tariff measures has been steadily increasing. Other economies such as USA, China and European Union have long since used non-tariff measures as means to regulate international trade. While India has been a relatively late entrant in the field, the use of non-tariff measures in India has increasingly gained popularity […]

Safeguard measures are the protectionist measures available to the domestic industry in order to provide them a breathing time to adjust to compete with the increased imports. Safeguard measures are applied when product is being imported in increased quantities, to cause or threaten to cause injury to the domestic industry. Safeguard measure are applied to […]

Under the WTO Agreement, a countervailing duty may be imposed in respect of a subsidy, which has the following elements: • It involves a financial contribution (example a grant or loan) by a government or public body, or by a private body, and • It provides a benefit to a producer or an exporter and  […]