Concerned over an increased level of protectionism, the World Bank found India to be the most active nation in initiating anti-dumping measures against imports affecting 19 countries.
Setting an agenda for the London meeting of the leaders of 20 developed and developing countries on April 2, the World Bank report ‘Trade Protection: Incipient but Worrisome Trends´ said both China and India have increased the rebate on duty drawback system for exporters.
“...although the subsidy component is a matter of discussion the timing of these measures raises questions,” the report said.
It said the developing countries initiated majority of anti-dumping investigations with India accounting for 29 per cent of such moves. However, the developed nations accounted for the greatest number of duty impositions.
In December 2008, India had initiated anti-dumping investigations, involving both hot and cold-rolled stainless steel products, it said adding that in addition to Japan, three developing countries -- China, South Africa and Thailand -- were the target in both investigations.