The 20% drop in the yen against the dollar over the past year will help not only to boost exports but, more important, to raise import prices and prevent deflation.
Russian automakers have lobbied hard to raise import tariffs.
In the short-run, the removal of OECD subsidies would indeed raise import costs.
He also wants to raise import duties on crude oil, petroleum and diesel between 5 percent and 10 percent.
Nor does a falling euro raise import prices enough to substantially affect inflation.
Foreign-exchange intervention, to push down a currency, could help to boost output and raise import prices.
Being outside the organisation for a bit longer gives it more freedom to raise import duties on second-hand cars or export duties on timber.
Thus globalisation affects even the BJP.Mr Sinha will raise import duties in his budget in May, to bring down the budget deficit and protect Indian firms from cheap imports from South-East Asia. South-East Asia
Advocates for wild salmon have long feared that infectious salmon anemia could take hold in fish farms in British Columbia and Washington State, which raise imported Atlantic salmon, and then spread to wild populations that migrate through nearby waters.
The government has moved aggressively to protect industry, saying last month that it would raise import taxes on foreign cars and trucks by 30 percentage points to protect jobs in Brazil's flagging auto industry.
