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Dealing With Trade Distortions In Steel Industry
by Veena Jha, James Nedumpara, Tanuka Endow
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This book examines the efforts made at reducing or removing the steel subsidies and for forging an agreement for limiting the scope of such subsidies particularly at the Organization of Economic Cooperation and Development (OECD) level. The book finds that the ˜one size fits all` approach hitherto followed at the steel talks, which effectively shields the existing subsidy schemes of many developed countries, might end up limiting the aspirations of developing countries that have a significant projected demand growth for steel.
The book cautions that focus only on the reduction/removal of only subsidies in the context of a steel subsidies agreement would leave a large part of the market distortions intact unless issues such as anti-dumping, countervailing duty and safeguard actions are also addressed.isbn-9781403928603
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