The World Bank says trade protectionism begins to level off

Washington: import barriers in major economies begin to recede after a rash of protectionism during the global financial crisis, the World Bank showed on Thursday.

The Group of 20 countries was less than the anti-dumping duties and other import barriers in place in 2013 than in 2012, the report showed, though some-such as the United States continued to announce new trade investigations that could end duties. "Increased protection from imports, which began with the great recession in 2008 year can be leveled," said the World Bank, adding that the peak could be in 2011-2012, respectively. India were the most temporary trade barriers in place in the year 2013, covers 6.6 per cent of imports, followed by the United States, the world's largest import market from 6.4 per cent and 5.7 per cent in Peru.

The United States removed some import barriers to the 2012 season, when he was in the first place, including tariffs on salmon from Norway, steel plate from Italy and Japan, honey from Argentina and orange juice from Brazil. The United States was the most recent trade investigations in 2013, from 28 countries and regions covered by the report, taking into account imports. Countries that have had the largest share of exports affected by the temporary trade barriers were Latvia, thanks largely to the United States anti-dumping duties imposed on reinforced concrete armature, China and Ukraine

June 26, 2014

Source: World Bank