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Jean Eric

EU Report: Trade protectionism still on rise across the world - 0 views

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    This is a perfect example of how protectionism policies are put to effect. This article talks about how protectionism policies in the EU have to increase in order to protect the fragile recovering economies. It states that there were about 150 new protectionism policies introduced last year nad 18 measures have been dismantilled. "All of us need to stick to our pledge to fight back against protectionism. It is worrisome to see so many restrictive measures still being adopted and virtually none abolished," said EU Trade Commissioner Karel De Gucht. Trade protectionism was also an important point raised in the G20 Summit taking place in Saint Petersburg on 5 and 6 September 2013.
Benjamin D

WTO warns of trade slowdown due to protectionism - 2 views

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    Although this article focuses on protectionism, in my opinion trade barriers come along. The WTO has lately noticed of an economic and trade slowdown because ofprotectionism, the global trade growth is estimated to decline from 5% to 4.5% next year which is alarming due to the fact the world's economy needs to recover. The article also talks about how trade protectionism is becoming more difficult to fight because it is difficult to fight because of the complexity and because its coming in different ways that we are not used to (for example:tariffs and export subsidies), and more and more regulations are being imposed each day.
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    As my fellow peer said this article is a perfect example of why protection policies shouldnt be used in some cases. The article states that due to trade protectionism policies the estimated anual growth will decrease from 5% do 4.5%! What should really happen is that countries should decrease their protectionism policies, let the economy gain a bit a stamina,in order to recover from the recesion, and only then increase protectionism once the economy has recovered and is growing.
Jina K

U.S. trade official says to seek TPP deal by year-end - 0 views

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    United States proposed a Trans Pacific Partnership (TPP) with a goal of reaching a deal by year-end. The U.S. aims to discuss the trade deal with other nations during the World Trade Organization meeting. The TPP talks aim to establish a free-trade bloc that covers 800 million people, a third of world trade and accounting for 40 percent of the global economy. The goal is to promote remove trade protectionisms and also set standard for workers' rights, environmental protection and intellectual property rights. This article can be related to our topic this week as it involves trade protectionism. This TTP deal argues against protectionism measures as they believe the removal of protectionism will promote growth. For instance, Obama believes that more export will provide more U.S. jobs. On the other hand, opponents against the deal state that the deal will only provide multinational corporations powers against national policies in the name of free trade.
Benjamin D

WTO praises Japan for avoiding protectionism - 1 views

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    This article talks about how members of the WTO have a possitive view towards Japan because they didnt apply protectionism policies even though their situation was critical at a certain point. Japan would have not been able to go through all the issues that have affected the country in the past few years if it wasn't for taking the right decissions. In order to boost up the economy, and local producers the government did not intervene so there would still be competition from international producers thus encouraging local producers to work hard to improve the quality of their goods and recover as quick as possible from the natural and economical catastrophes the country has gone through.
Andrzej Z

Chinese farm protectionism rising - 2 views

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    Here we have a great article about protectionism and export subsidies in China. Export subsidies are often used by governments to increase exports. Export subsidies have the opposite effect of export tariffs because exporters get payment, which is a percentage or proportion of the value of exported. Export subsidies increase the amount of trade, and in a country with floating exchange rates, have effects similar to import subsidies. If China continues with high export subsidies they will probably invite retaliatory actions by foreign governments what reduces the benefits that can be gained from international trade by all consumers and producers in all countries
Paul J

Putin Orders Protectionism to Help Russian Manufacturers - 0 views

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    Russian president Vladimir Putin has decided to impose protectionist policies to protect domestic markets. This decision came as a retaliatory tactic against other members of the WTO who Putin claims to be making international trade "hidden and subtle." In fact, the Russian president used the EU as an example as he claims that the EU's decision to split the gas companies and gas distribution companies are an attack on Russia's domestic suppliers.
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    Here we see a very recent announcement made by President Putin which has many other members of the WTO concerned, although it is stated explicitly that all the policies they plan to implement will be in line with WTO regulations.
Kyuhwan L

EU imposes punitive tariff on U.S. ethanol - 0 views

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    Recently the European Union has imposed a tariff on U.S. ethanol on the account of dumping. Dumping in international markets occurs when a country exports a good or service at a price that is lower in the foreign market than the domestic market. With a duty of $83.20 per metric ton, this tariff will cost exports more than $930 million per year. Tension has been building as there is a strain in transatlantic trade due to this implementation of a protectionism technique.
Paul J

Ukraine plan to raise import tariffs on range of goods alarms US - 3 views

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    This is an article of interest because it hits on a variety of things that we have and are continuing to study: import tariffs, the WTO, global trading in general, and the effects that each nation's actions have on one another.
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    This article raises awerness of the potencial risks that protectionism polices, import tariffs in this case, might have on the economy. If the WTO talks fail and Ukraine increases import tariffs it could have huge consequences with its trading partners as the local firms of the trading partners will suffer heavy losses, potencially leading to that specific export sector closing, which in time would effect the economic growth of the exporting country/countries. That is why there always has to be a balance with protectionism policies, iit must both benefit the importer and exporter
Saskia vK

The world should heed warnings that barriers to trade are creeping up. - 0 views

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    WHEN the financial crisis hit, the G20, grouping together countries that produce more than 85% of the world's GDP, made all the right noises about trade. World leaders were determined not to repeat the mistakes of the 1930s, when protectionism led to economic disaster; and their apparent success in ensuring that global markets stayed open has been a rare glimmer of light in the economic gloom. Yet even this optimism may be misplaced. As a report from the World Trade Organisation (WTO) warns this week, the barriers are creeping back up.
Andrzej Z

Chinese antisubsidy tariff on U.S. solar-panel materials adds to previous levy for dumping - 0 views

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    It is an article about the government of China that has decided to impose a 6.5% tariff on materials from most U.S. polysilicon suppliers. A tariff is a tax that is charged on imported goods. The Chinese government decide to impose this tariff in order to prevent dumping from USA. Dumping is the selling by a country of large quantities of a commodity, at a price lower than its production cost, in another country. However it is difficult to deduce if this tariff is imposed to prevent dumpling or if it is a revenge for the tariff that the USA government imposed Chinese-made solar cells one year ago. I think that the Chinese government should talk first with the USA government because protectionism is a very dangerous weapon because it often invite to retaliatory actions. This may reduce the benefits that can be gained from international trade by all consumers and producers in all countries.
Kyuhwan L

South Korea launches WTO dispute over U.S. tariffs on washing machines - 0 views

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    South Korea has been accused of dumping its washing machines by the United States. This is in response to a complaint by an American manufacturer "Whirlpool" who has voiced for a tariff to protect its products. South Korea is to appeal to the World Trade Organization. the chief aim of Korea's complaint is in the way in which the US calculates dumping.
Jina K

RPT-UPDATE 1-China keeps 2014 import quotas for grains, cotton at this year's levels - 1 views

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    China, the world's top wheat and rice consumer, will issue the same tariff import quotas for grains and cottons in the year 2014 as they did in 2013. The wheat import quotas are at 9.6 million tones, corn at 7.2 million tones, rice at 5.3 million tones, and cotton at 894,000 tones. The low tariff-rate is 1 percent while grains imported without the quota allocation would be charged a 65 percent import duty.The tariff import quotas is imposed in the hope to help chinese farmers and to also levy high import duties on agriculture products. However, due to its agreement with World Trade Organization, China is still obliged to allow imports with lower duties. This article clearly connects to the topic of protectionism. Here, the Chinese government hopes to help its domestic agriculture industry by limiting imports. This imposition of quotas will lower the imports which would increase the amount of local production, therefore increasing more revenue for the domestic producers. Here, we can also see the role of WTO arranging trade among countries. Here the obligations create equality between China market and its import countries.
Jean Eric

Russia halts Lithuanian dairy imports before EU summit - 0 views

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    This is quiet a good example of how countries defend themselves from imports. In this specific case the USSR has haulted imports from Lithuanian of dairy imports, turning up pressure on the EU. Its haulted the trade because it fears that the imported goods arent up to quality or standard, but its also a strategical move as nearly 85% of all eastern blocs dairy exports go to Russia which would affect Russia's own local dairy production. This hault in imports creates loses for the overseas firms and alows Russian local firms to recover and gain the upper hand. Although its portrayed as a safety measure in the article i think its more a strategical move towards upping the Russian dairy industry!
Mariya L

Europe and China Trade Talks End Bitterly - 0 views

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    This article talks about the negotiations between China and the EU. The concern of the two countries is about the Chinese exports of solar panels to the EU. The representatives of the EU consider the Chinese exports of solar panels as dumping, because of the lowered costs.To prevent the uncompetitiveness of other producers, the EU had to set tariffs of nearly 50 percent on Chinese solar panel shipments. That caused a discontentment from Chinese side, because the exports of solar panels is one of the largest categories of Chinese exports and worth about $27 billion a year.
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