Tuesday, 11 July 2017

KENYA TO ENACT ANTI-DUMPING LAW TO PROTECT LOCAL INDUSTRIES

Kenya plans to enact an anti-dumping law is to protect local industries from cheap imports. Once the law is operational, the government will impose stiff penalties on traders who import subsidized goods that provide unfair competition to locally made goods. The East African nation currently lacks a legal framework and institutional mechanism and capacity to undertake surveillance for cases of dumping, subsidies and other unfair competition that are disallowed under the World Trade Organization (WTO). It was noted that a trade remedy provision will be included in all future bilateral and multilateral trade agreements
that Kenya concludes with other partners. The law will also create the Kenya Trade Remedy Agency that will monitor imports to ensure there is no dumping of subsided goods.