U.s. International Trade
Antidumping law and practice- USA and China.
Among the trilogy of trade remedy regimes- countervailing duty, safeguard and antidumping actions- antidumping actions are by far the remedy of choice. It 's a measure internationally adopted to stop unfair competition, regulate international market order and protect the security of the national industries. It 's adopted by an increasing number of countries as it 's playing an increasingly important role in international trade. It 's perhaps the most controversial subject involving foreign trade. The United States is the world 's biggest user of antidumping and has been for decades. China, on the other hand, has been the number-one target of antidumping by most countries for the past decade. The first dumping lawsuit against china came in 1979 when Europeans accused Chinese saccharin manufacturers of dumping.
If a company exports a product at a price lower than the price it normally charges on its own home market, it is said to be "dumping" the product. The WTO agreement does not pass judgment. Its focus is on how governments can or cannot react to dumping- it disciplines antidumping actions, and it is often called the "Antidumping Agreement" (The Agreement on Implementation of article VI of the General Agreement on Tariffs and Trade 1994). Antidumping refers to a legal system under which the government of a country investigates the dumping of imports and take corresponding antidumping measures in accordance with the law.
Broadly speaking, the WTO agreement allows governments to act against dumping where there is genuine ("material") injury to the competing domestic industry. In order to do that the government has to be able to show that dumping is taking place, calculate the extent of dumping and show that the dumping is causing injury or threatening to do so. Typically, antidumping action means charging extra import duty on the particular product from the particular exporting country in order to
Among the trilogy of trade remedy regimes- countervailing duty, safeguard and antidumping actions- antidumping actions are by far the remedy of choice. It 's a measure internationally adopted to stop unfair competition, regulate international market order and protect the security of the national industries. It 's adopted by an increasing number of countries as it 's playing an increasingly important role in international trade. It 's perhaps the most controversial subject involving foreign trade. The United States is the world 's biggest user of antidumping and has been for decades. China, on the other hand, has been the number-one target of antidumping by most countries for the past decade. The first dumping lawsuit against china came in 1979 when Europeans accused Chinese saccharin manufacturers of dumping.
If a company exports a product at a price lower than the price it normally charges on its own home market, it is said to be "dumping" the product. The WTO agreement does not pass judgment. Its focus is on how governments can or cannot react to dumping- it disciplines antidumping actions, and it is often called the "Antidumping Agreement" (The Agreement on Implementation of article VI of the General Agreement on Tariffs and Trade 1994). Antidumping refers to a legal system under which the government of a country investigates the dumping of imports and take corresponding antidumping measures in accordance with the law.
Broadly speaking, the WTO agreement allows governments to act against dumping where there is genuine ("material") injury to the competing domestic industry. In order to do that the government has to be able to show that dumping is taking place, calculate the extent of dumping and show that the dumping is causing injury or threatening to do so. Typically, antidumping action means charging extra import duty on the particular product from the particular exporting country in order to