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Downturn sees protectionist probes rise
JICWyllie
follow
0
7-23-2009 7:50 AM
45 views
tags:
1-policy
,
1-protectionism
,
1-recession
,
2-increase
,
2-risks
,
3-forecast
,
4-intl
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9bff1911-b54e-4fc2-9003-539b2bbfffd1/CC26781E-BEA5-42C9-8B57-48FCC0122235/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html" href="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html"><P>Countries are increasingly opening trade investigations against China and other nations as the <A href="http://www.ft.com/indepth/global-financial-crisis" title="In depth: Global financial crisis" class="bodystrong">global recession</A> drags on, according to a report to be released on Thursday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html"><P>The trend suggested there might be a surge in <A href="http://www.ft.com/indepth/protectionism" title="In depth: Protectionism" class="bodystrong">protectionist measures</A> next year, it said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html"><P>Mr Bown’s data, organised into the Global Antidumping Database, suggests the worst could yet be to come. Investigations tend to precede restrictions by 12 to 14 months, meaning the surge in investigations this year – almost double the number in the first half of 2007 – could prefigure a wave of protectionism in 2010.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html">One new trend was the increasing use of so-called “safeguard investigations”, which are not aimed at particular countries </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/242975b0-76e5-11de-b23c-00144feabdc0.html"><P>“I’m really worried about protectionism [in the US] in a very weak economic environment with high unemployment,” said Joseph LaVorgna, chief US economist at Deutsche Bank. “That to me is a wild card for 2010, especially as you move toward the mid-term elections.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CC26781E-BEA5-42C9-8B57-48FCC0122235/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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