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Trade protectionism on the rise

Business, Company Strategy, India, Markets, Middle East, Polyolefins, Singapore
By John Richardson on 04-Mar-2009

India has launched a petition for PP anti-dumping action against Saudi Arabia, Singapore and Oman. This is the first case of this type in India.

Producers, as we predicted on this blog earlier on, will be increasingly attempting to protect their home markets as everyone searches farther and farther afield to place distressed volumes.

Expect also that countries such as India – which much more lower applied than bound tariff rates under its WTO agreement,- will seek to raise tariffs to maximum levels predicted by the international trade body.