UAE implements anti-dumping steps to protect local industries

Surge in Chinese products being redirected to local markets following US and European tariff barriers, says minister

- Ruqayya Al Qaydi [e-mail]

The UAE is taking protective action while maintaining its commitment to being an open economy, says Dr Thani Al Zeyoudi, UAE Minister of Foreign Trade, at the World Economic Forum's Annual Meetings during a session titled 'Taming Trade'. — WAM

(WAM)

The UAE has implemented anti-dumping measures against Chinese goods over the past week as the country confronts a surge of products being redirected to local markets following US and European tariff barriers, the Minister of Foreign Trade has revealed.

Speaking at the World Economic Forum's Annual Meetings during a session titled 'Taming Trade', Dr Thani Al Zeyoudi, UAE Minister of Foreign Trade, said the UAE is taking protective action while maintaining its commitment to being an open economy.

"For us, the UAE, we're going to continue being open, but we started the measures on the seals in the last one week, especially since we're seeing huge dumping coming from China to our local markets," Al Zeyoudi stated.

The minister explained that as Chinese commodities face barriers in US and EU markets, they are being redirected to other countries, creating dumping pressures that threaten local industries. The UAE must protect its industries, he emphasised, "otherwise we're going to compensate something against the other".