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How various ways of protectionism work
09/01/2008
NEW DELHI: Negotiations on rules were incorporated in theagenda for the World Trade Organisation’sDoharound of trade talks with a basic purpose of ensuring that the existing rulesbecame more transparent and less protectionist. However, the draft textcirculated recently by Uruguayan ambassador Guillermo Valles Galmes, who chairsthe WTO committee on rules, does just the opposite. By justifying the muchdisputed “zeroing” methodology used by the US in calculating dumping margins,the chair has attempted to legitimise a methodology which could lead to muchhigher degree of protectionism than otherwise warranted.
