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Anti-dumping investigations are protectionism: Expert

A European expert said Thursday that recent anti-dumping investigations against China by the European Commission are "a type of trade protectionism."

Stuart Newman, legal advisor for the Foreign Trade Association representing EU importers, told Xinhua that the recent anti-dumping investigations against China are "a way of protecting manufacturers within Europe."

He strongly recommended that the EC make the investigations more transparent.

In the past three weeks, the EC has launched investigations against China over steel wire rods, seamless pipes, sodium gluconate, and road wheels.

"We are disappointed that anti-dumping investigations are on the increase, particularly because countries at the G20 summit came out and said that they would guard against any types of trade protectionism," Newman said.

"When we experience a financial crisis, we can assume there will be more requests for anti-dumping investigations from manufacturers," he said.

The investigations do not automatically result in high duties for imports in the long run, Newman said, but they do increase the cost of imports and expenses for consumers.

"Although companies may not increase the prices of their products immediately, they have to swallow the cost, reducing staff and imports," Newman said.

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 Source : Xinhua  Editor: Ivy
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