ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Protectionism vs Unfair Trade in Steel

Suddenly everyone seems to have forgotten the theory of competitive advantage and the benefits of free trade. Practically every country is accusing the rest of the world of dumping steel in its backyard and trying to protect its steel industry, backtracking on free trade promises. Perhaps this is the right time to call a halt to the protectionist trend and start a fresh round of discussions for a Multilateral Steel Agreement which would ensure some order in steel trading.

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