According to data compiled by the World Bank, India is next only to the US in terms of new antidumping measures imposed by their respective governments.
Setting an agenda for the London meeting of the leaders of the G20 developed and developing countries on April 2, the World Bank has said that the number of such measures increased substantially in the second half of 2008 in both countries.
The US imposed over 20 new antidumping measures during the July-December period in 2008, followed by 15 such measures imposed by the Indian authorities.
As per the data, India took more than 10 antidumping measures in the first half of 2008, higher than any other country during that period, while the US imposed less than five such measures.
In December 2008, India initiated antidumping investigations, involving both hot and cold rolled stainless steel products, against Japan, with three other developing countries, China, South Africa and Thailand, targeted by the investigations.
According to the World Bank, since the beginning of the financial crisis, roughly 78 trade measures have been proposed or implemented, of which 66 involved trade restrictions.