Anti-Dumping Essay

2256 Words10 Pages
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…show more content…
The agreement also specifies how a fair comparison can be made between the export price and what would be a normal price. The AD agreement (Article 16) requires member countries (WTO members) to inform the Committee on Antidumping Practices about all preliminary and final antidumping actions, promptly and in detail. Member countries must also report on all investigations twice a year. World Trade Organization makes statistics on antidumping initiations available to everybody visiting its website. According to the data on “AD initiations by exporting country” for period from January 1st 1995 to June 30th 2003 there were the total of 324 AD cases initiated against China and 122 against the United States. Which gives these countries first and third place, respectively. Republic of Korea takes second place with 174 antidumping cases initiated against it during a period of 8.5 years. It’s interesting to mention that from 1999 to 2002 number of initiated cases against China has a growing tendency (41, 43, 53, 51 cases), while an inverse tendency for the U.S. (14, 13, 15, 12). Antidumping has been called the “third rail of American trade politics” because politically powerful special interests enjoy the protection it provides. For years, American companies have taken advantage of the antidumping law to punish foreign firms that give American consumers a bargain. In the U.S. the institutional
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