Home / Knowledge / News / Unfolding of crisis leads to more protectionist measures - KOTRA
Unfolding of crisis leads to more protectionist measures - KOTRA
30
Dec '08
Amid the economic meltdown and slowdown in demand, countries, far and wide are putting in to place tariff barriers to protect their domestic industries. This factor is contributing more to the slowdown in exports than anything else. This bare fact has been recognized by the Korea Trade-Investment Promotion Agency (KOTRA) in a report.

According to the report, growing protectionism across the globe means trouble for the domestic exporters. Countries are trying to escape being caught in the crisis by putting trade protectionist measures to safeguard and shield the domestic companies from any global competition.

The report cities the example of Indonesia, which is expected to put in to place safeguard measures for steel and chemical products early next year. Argentina has also strengthened anti-dumping measures. India recently conducted an anti-dumping investigation in to steel imports from Korea, says the report.

The report quotes Brazil and Argentina as having expanded the scope of minimum import prices suddenly, which has resulted in shipments of Korean origin being held up at its ports. Turkey is also supposed to have put some safeguarding measures in place. The US which has a strong, but labour intensive steel industry is also expected to put up measures.

Korea is also bothered about exports to one of its largest trading partners; China, due to repercussions of US import regulations on China. China in turn is expected to put its own regulatory measures in place which could hit chemical exports from Korea. The EU is also expected to strengthen vehicle-related environment regulations and increase restrictions on steel imports.



Fibre2fashion News Desk - India


Must ReadView All

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Arvind, KVIC sign agreement for khadi certification

India’s leading lifestyle and fashion conglomerate Arvind Limited has ...

Textiles | On 24th Jul 2017

Gartex all set to feature garment, textile solutions

Complete value chain of garment and textile manufacturing solutions...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X