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English Last updated 03:29
22.05.2005
WTO report ranks Turkey fourth for anti-dumping initiatives

A report released by the World Trade Center (WTO) stated that Turkey is fourth among members of the WTO for initiating anti-dumping investigations. Dumping is a term coined by the WTO to describe the exporting of products at a lower price than the price normally charged in the local market. Anti-dumping is a move set to not judge the action of dumping but to help governments can react to it.

The WTO report showed that in a period between July 1 and December 31 2004, both the number of initiations of new anti-dumping investigations, and the number of new final anti-dumping measures applied, had declined steadily if you compare it to the same period in the previous year.

The European Union (EU), with 17 initiations, was the member of the WTO reporting the highest number during July-December 2004. This represented an increase from the four initiations reported by the EU for July-December 2003.

Behind the People's Republic of China and India, Turkey was ranked fourth, reporting 12 initiations, an increase from the 6 new investigations that it initiated during July-December 2003 levels. Turkey, applying 12 new measures, held second place, and reported an increase from the seven new measures it applied during the second half of 2003.

The products under investigation during the second half of 2004 were led by products in the chemicals sector (28 initiations), followed by plastics (16 initiations), and base metals (12 initiations).

 


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