News in brief

Chile launches safeguard investigation into powdered milk, Gouda cheese

By Stephen Daniells

- Last updated on GMT

© Getty Images / gaus-nataliya
© Getty Images / gaus-nataliya
A sharp drop in the price of imported powdered milk and Gouda cheese has spurred Chile to launch a safeguard investigation.

Chile notified the Committee on Safeguards at the World Trade Organization on 8 March 2018 that it was investigating “the existence of distortions in the price of imported [milk powder and gouda cheese].

“With the available information it was determined that the serious damage that the industry is suffering has been due, on the one hand, to the fact that there has been a sharp drop in the prices of import, which has caused a great impact on the sales price and margins of Chilean producers and, on the other hand, the drastic increase in imports in recent years has generated a loss of sales volume and participation of market for national production,”​ stated the notification to the WTO (translated from Spanish​).

“Therefore, it was established that sufficient evidence was presented to justify the initiation of the investigation in order to determine the application or not of a safeguard measure.”