Anti-dumping: A growing problem in international trade

Type :

Presentation

Pages :

13 pages

Format :

.doc

Published date :

01/15/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction.
How does the procedure work?
1. The procedure.
2. AD legislation.
3. WTO AD agreement of 1994.
4. EU AD legislation.
Why anti-dumping is called into question.
1. Anti-dumping has nothing to do with dumping.
2. The proliferation problem calls into question the nature of anti-dumping.
3. The new users of anti-dumping.
Toward a reform of AD rules?
1. The rounds.
2. The success of GATT/WTO negotiations in lowering MFN tariffs.
3. Towards a reform of Anti-Dumping?
Conclusion.
Bibliography.

Abstract

Since the signing of the General Agreement on Tariffs and trade (GATT) in 1947, free trade has been widely adopted and has enabled countries to enjoy prosperity. It was aimed to foster free trade by reducing tariffs and by settling an international mechanism to solve international trade disputes. This agreement was replaced in 1995 by the World trade Organization (WTO), which was aimed to implement an opened and multilateral trading system. Nevertheless, some companies have succeeded to convince their governments to protect themselves from overseas competition. anti-dumping (AD) was thus adopted to cut down on harsh competition. It is an official policy introduced to heal the problem of dumping. Under the coverage of contending for allegedly unfair trading practices, governments have implemented AD laws. They were designated to thwart foreign companies that were accused of practicing dumping. " A product is to be considered as being dumped, i.e. introduced into the commerce of another country at less than its normal value, if the export price of the product exported from one country to another is less than the comparable price, in the ordinary course of trade, for the like product when destined for consumption in the exporting country."