Dumping

A detailed Summary of Dumping


The World Trade Organization Agreement on dumping defines it broadly as a company exporting a product at a price lower than the price it normally charges on its home market for a "like" product. When goods are imported at a price below the domestic producer's price, cries of "unfair competition" and "dumping" are often heard. Pressure is exerted among the countries government to do something to protect their market against the imported products. The government may impose duties to the imported product under three WTO agreements. The Anti-dumping Agreement and The Agreement on Subsidies and Countervailing Measures take action against those importers who are importing at unfair import prices. The third agreement, The Safeguard Agreement, takes action when the import price is fair but the imports are seriously damaging domestic production. Domestic companies can request safeguard action if the market share of imports would otherwise substantially increase. This usually involves the obligation of quantitative restrictions on imports, though these cannot be targeted at a specific country. Anti-dumping provisions, on the other hand, allow nations to retaliate against specific trading partners who are exporting goods a


Another recent anti-dumping case involves India and China PR. In this situation, India claims that China PR is dumping Compact Fluorescent Lamps with one or more glass tubes and which have all lighting elements, all electronic components and cap integrated in the lamp foot into their country. CFL's are new generation lamps having excellent features such as low power consumption, long life, and compact shape. India claims that imports from China PR have increased quite significantly. During 2000-2001, the sales of domestic industry have come down by seven percent compared to the previous year, despite a 34 percent growth in overall market size. Except for one exporter, none of the exporters from China PR has responded to the anti-dumping investigation. After all investigations were completed it was concluded that imports of CFL into India from China PR have increased significantly both in absolute terms and relative to consumption in India; the sale domestic industry has declined significantly; and domestic sale prices are suffering from both price suppression and price depression due to dumped imports from China PR. It was decided to recommend provisional snit-dumping duties equal to the margin of dumping or less, which is levied, would remove the injury to the domestic industry. The dutie

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Approximate Word count = 879
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Category: Foreign

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