Economic downturn causes US companies to resort to protective measures
There are signs that the United States may increase its anti-subsidy and anti-dumping measures against imported products from emerging Asian economies in the face of continued sluggish domestic economic conditions. Xing Yuqing, an economist at the Asian Development Bank Research Institute, told this reporter that when economic development is not good, American companies tend to look for unfair competition from imported products in order to get more protection.
Zhang Jie, a professor of economics at the National University of Singapore, told this reporter that "the economic crisis after World War II began to gradually recover in a short period of time. After the outbreak of the international financial crisis in 2008, the US economic recovery was weak and the unemployment rate slowed down. Therefore, the US government tends to repeatedly use the protective tariff measures granted by the WTO, each effective period of 3 to 5 years, so that the domestic industry gradually shrinks or temporarily breathes, avoiding a large number of short-term unemployment. This is the 'vulnerability' in the WTO rules. Is conducive to the protection of developed countries."
Zhai Jinrong, president of the Thai-Guangzhou Chamber of Commerce, which has been engaged in the export of live shrimp in Thailand for a long time, analyzed this phenomenon to our reporter. Due to the good meat quality and long shelf life, the retail price of Thai shrimp in the US market is as high as 50 cents per pound. It is not cheap, there is no problem of dumping. The number of seafood in the Gulf of Mexico simply cannot meet the needs of the US market. The United States needs to import from Thailand, Indonesia and Malaysia. High anti-dumping duties protect certain enterprises, but the harm is the interests of American consumers. It will not last long. He also worried that if the US economy continues to slump this year, the US seafood industry will launch more anti-dumping and countervailing lawsuits.
Experts suggest that Asia should make good use of WTO rules
According to the calculations provided by the US International Trade Commission Investigation Bureau, from 1999 to 2009, the proportion of anti-dumping lawsuits against Asian countries and regions in the United States raised from 48% to 90% in the anti-dumping lawsuits filed in the United States. The proportion of anti-dumping lawsuits in the mainland has soared from 12% to 57%. In the same period, the proportion of countervailing lawsuits against Asian countries and regions in the United States in the year of countervailing lawsuits increased from zero to 93%, and countervailing lawsuits against China also rose from zero to 67%.
Zhang Jie believes that in recent years, the double-counter litigation against developed countries in developed countries has been concentrated on low-end and mid-end products that have cost advantages in developing countries and that are still produced by developed countries but whose comparative advantages are not obvious.
In an interview with this reporter, the director of the research department of the Asian Development Bank Research Institute, Kay Nega Raj, said that Asian countries should learn to use the WTO rules to protect their own interests, and it is necessary to create an Asian trade legal consultation center.
Developing countries in Asia are not always at a disadvantage in the anti-dumping lawsuits of the WTO. In 2008, the Thai side won the lawsuit in the United States in the United States to impose anti-dumping duties on shrimp products and the requirement to purchase US public debt (C-Bond) as an export guarantee.
â€œTightropeâ€ policy affects the enthusiasm of Asian partners
According to a recent analysis by the Bangkok Post, once the US Gulf of Mexico Shrimp Federation wins the case, the US imposes a countervailing duty on shrimp exported from Vietnam and Malaysia, which may make the two countries reluctant to open their markets to other industries in the United States. Regional free trade agreements that are being negotiated with the United States may also hit the rocks.
According to media analysis, the United States is pushing for cross-Pacific (5.43, -0.02, -0.37%) partnership agreements (TPP) negotiations while the domestic economy is at a low level, and because the US domestic economy is not good, it is against emerging economies in the Asia-Pacific region. Imports often have to take double-reaction measures, which will affect the enthusiasm of the emerging Asia-Pacific economies that originally wanted to use the TPP to open the US market. Some experts said that the United States hopes to participate in the negotiations of Malaysia and Vietnam to open the door to the domestic market, but on the other hand has to close their own door, which will damage the interests of some countries participating in the TPP negotiations.
"The United States is on a tightrope. On the one hand, the US economy is highly open. The United States will try to win over the Southeast Asian countries such as Thailand and promote the negotiation process of the TPP. On the other hand, when the commercial interests of American companies are damaged, the US government will also face There is no small pressure in the country. These two aspects will continue to move forward at the same time, and the United States needs to carefully measure the size." Zhang Jie told this reporter.
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