Our Board Member H. Cahit SOYSAL's Article Titled A WTO Comedy Was Published in What Kind of Economy on 26.12.2022

The main reasons for protectionism in international trade are to protect domestic companies from foreign competition, strengthen national production, reduce foreign trade deficits, and protect consumers from dangerous or unwanted products. In this area, protection is provided mainly by tariff measures and non-tariff measures. While tariff measures consist of tariffs, taxes, additional financial obligations and charges, non-tariff measures include quantity quotas, technical barriers, sanitary and phytosanitary measures, contingency measures, trade-related investment measures, intellectual property measures, rules of origin, and public procurement restrictions. consists of various applications

After the global economic crisis in 2008, protectionist policies in trade started to rise again. Protectionism has often appeared in the form of non-tariff measures.

However, during Trump's presidency, the US set aside non-tariff measures and started to tackle tariff measures against economies it saw overtly threatened. The USA became the most anti-dumping country in the world by applying 287 regulations and 362 items of anti-dumping in 2016. In addition to anti-dumping duties, the USA, which started a trade war with additional customs duties, enacted new restrictive measures that reached record levels on a global scale in the first half of 2018. The extent of the high tariffs imposed by the US from 2018 has been more than three and a half times the tariffs imposed since May 2012. Click for the rest of the article