Friday, February 24, 2012

India joins against ‘zeroing’

Another like minded group is emerging within the WTO. This time it is against   legitimizing the practice of ‘zeroing’. India and fifteen others have joined forces to defeat an attempt made by the World Trade Organisa­tion (WTO)'s committee on rules to legitimize a process called zeroing. The practice of zeroing will al­low the US to impose high anti-dumping duties on oth­er countries. Many LDCs argue that zeroing will ignite neo-protectionism.  The countries against this practice submitted a joint repre­sentation to the WTO.  The coalition against the zeroing includes Brazil, China, Japan, Hong Kong, New Zealand, Norway etc.  

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