Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 338

New Research Shows Costs of U.S.

Posted by fidest press agency su lunedì, 19 settembre 2011

Washington, Dc – Today, the pro-development NGO, World Growth, released a new study by Dr. Robert Shapiro, former Undersecretary of Commerce during the Clinton Administration and chairman of the economic advisory firm Sonecon, which concludes that trade restrictions imposed recently by the U.S. on certain coated paper products imported from Indonesia and China would have adverse effects on U.S. consumers. The analysis was released ahead of the one-year anniversary of the U.S. Department of Commerce’s issuance of anti-dumping and countervailing duty orders on coated paper product exports from China and Indonesia into U.S. markets.
In recent years, manufacturers in Indonesia, including pulp and paper producers, have become highly competitive in the U.S. and world markets by combining the effective use of advanced technologies and business methods brought in by foreign direct investors, with certain low costs. Their rapid growth has allowed them to both meet much of Indonesia own fast-growing demand for these products and compete directly in other markets with U.S. and European producers. The World Growth-commissioned report found that trade restrictions recently imposed on both Indonesian and Chinese coated paper products, through U.S. anti-dumping and countervailing duties, will prove to be counterproductive for U.S. consumers and businesses. The report recommends the U.S. Government and U.S. producers to drop their reliance on trade protectionism.
World Growth Chairman Ambassador Alan Oxley hopes the findings of the report to encourage the U.S. government to lift its trade sanctions against Indonesian products.
World Growth is a non-profit, non-governmental organization established to expand the research, information, advocacy, and other resources to improve the economic conditions and living standards in developing and transitional countries. At World Growth, we embrace the age of globalization and the power of free trade to eradicate poverty and create jobs and opportunities. World Growth supports the production of palm oil and the use of forestry as a means to promote economic growth, reduce poverty and mitigate greenhouse gas emissions. World Growth believes a robust cultivation of palm oil and forestry provides an effective means of environmental stewardship that can serve as the catalyst for increasing social and economic development. For more information on World Growth, visit http://www.worldgrowth.org.

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