This website uses cookies to ensure you have the best experience. Learn more

Anti Dumping Is A Necessary Part Of International Trade Legislation

1257 words - 5 pages

Processes of cooperation and integration between countries are very important in the modern world. At the present time, a profound influence and an interrelation between countries is noticeable. The result of these processes in the future should be a fully free transmission of goods, services and subjects of intellectual property, capitals and human resources. At the same time, there is still a big gap in the level of economic development of countries in the world. This imbalance creates a collision between two different policies of world trade. Some countries provide liberalisation of international trade, other countries advocate protectionism to support a domestic market by using barriers and restraints on trade. One manifestation of this collision is dumping. There should be communication between authorities on both sides of the trade process as an exporter and importer too because dumping threatens to injure domestic market. The best way of interaction is involvement an independent arbiter. The World Trade Organisation (WTO) takes this function upon itself. This conflict of interest could be solved by anti-dumping legislation - a powerful instrument of international trade regulation.

The general meaning of the term “dumping” is “unfair export”, which means exporting goods at an unreasonably low price, which much more less than the price in the domestic country or considerable lower the costs of producing these goods. Dumping as a legal definition of “unfair export” first appeared at the beginning of the twentieth century. The first country to approve anti-dumping regulation was Canada in 1904. New Zealand did it in 1905, Australia in 1910 and South Africa in 1914. The USA adopted it in 1916, Great Britain in 1921.
The main principles of anti-dumping regulation for the purposes of international trade were formed in the General Agreement on Tariffs and Trade (GATT) in 1947. In 1968, the Anti-dumping Code was validated. At the present time, the relationship concerning international trade among the majority of countries is regulated by the WTO, which has 153 members, covering 97% of the world economy. In 1994, the Anti-dumping Code was displaced by the Agreement on Implementation of Article 4 of GATT, which is better-known as the Anti-dumping Agreement (AA). Anti-dumping regulation is a quite novel area of international law, but developing dynamically. In 1947 Anti-dumping regulation considered only goods, presently it covers exchanging dumping, social dumping, and freight dumping as well. Though the AA is part of international trade legislation, it does not mean that all WTO members are unconditionally members and bound by the AA. Members of the WTO are free to adopt the AA. However, countries those accept it must do as instructed by the AA.

The AA established the Committee of Anti-dumping Practices, which is consist of all WTO members. The Committee is an international authority, that conducts legal investigations of dumping cases....

Find Another Essay On Anti-dumping is a Necessary Part of International Trade Legislation

Antidumping - The discussion concerning the Anti – dumping case of imported shoes from China and Vietnam

3088 words - 12 pages . The next part deals with the case of anti dumping, concerning special leather shoes from China and Vietnam. Different voices from Europe and China will be covered, including the discussion of the impacts of the adopted measures.2. DefinitionIn economics, "dumping" can refer to any kind of predatory pricing, and is by most definitions a form of price discrimination. Dumping in context of international trade law, is defined as the act of a

The Necessary Inclusion of Cyber-bullying Legislation in Canada

2421 words - 10 pages ; Froese-Germain, 2008). Cyberbullying is broadly defined as any type of harm that is inflicted upon a victim via electronic means (Bonanno & Hymel, 2013; Shapka & Law, 2013; Li, Cyberbullying in High Schools: A Study of Students' Behaviours and Beliefs about This New Phenomenon, 2010; Cappadocia, Craig, & Pepler, 2013) Outlining the harsh effects of cyber-bullying, while showcasing potential legislation and current bills and acts while

Part A Compare and contrast standardization with customization of international marketing strategies. Part B Is one approach better than the other?

1570 words - 6 pages Part ACompare and contrast standardization with customization of international marketing strategies.The notion of globalization - a global firm pursuing a global strategy - is very appealing to managers. (Hardy, 1994, p365). As soon as the firms decide to expand into the global marketplace, the international marketing manager should determine what strategy would be adopted to mix the four P's of marketing: product, pricing, promotion, and place

When is international trade an opportunity for workers? When is it a threat to workers?

585 words - 2 pages ECO305-0804B-09Global Managerial EconomicsDavid KerbyDecember 3, 2008PHASE 1 DISCUSSION BOARD2When is international trade an opportunity for workers? When is it a threat to workers?International trade is rewarding as it is unsatisfying when it comes to the average worker. When a new business is started for that region or area jobs are expanded merely because it is expected that it will be at a rate of lower cost production along with less

The Theory of International Trade

1051 words - 4 pages Free Trade The concept of that all countries will be benefited from the international, no matter what the circumstances are, that was one of the facts that all economists have been talking about. The theory of international trade relied on comparative advantage; the well-known feature that advantages countries took a part in the commercial trade. But the traditional theory of international trade, forced some of restricted conditions to the

Supporting Organizations of International Trade

1978 words - 8 pages International Trade and policies Different countries have diverse governments, policies, currencies, monetary systems and many diverse products. This is certainly one motive why international trade is extremely complex. In today’s fast growing market and the development of international trade amongst nations has initiated many policies to be enacted and a need for international organizations. International trade policies entails the joint

The Double's Creation as a Necessary Anti-Hero

1940 words - 8 pages “In literature the double is a result of the author's conscious or unconscious desire for a wider range of action, possibilities of behavior for his hero that go beyond the morally acceptable, and this wish will create itself in the form of a double, or anti-hero” writes Joyce Carol Oates in her piece “Tragic and Comic Visions in The Brothers Karamazov.” Just as Oates suggests that doubles are created in order for an author to extend a

Efficiency Gain of International Trade

1562 words - 6 pages In evaluating the efficiency gain of international trade, we are concerned about the entire country or community, and thus encounter a more complicated situation with several individuals making up the entire country. Answer these questions (provide graphs if you want): What is meant by the community indifference curve? The community indifference curve shows the various combinations of two commodities which yield the same level of

Abortion is a Necessary Alternative

2062 words - 8 pages Abortion is not as harmful as its opponents claim it to be. Instead of viewing abortion as "murder," society as a whole must consider abortion as a necessary alternative. Abortion can save a woman's life, physically, mentally, and emotionally. In today's society, the following reasons clearly impact the abortion dilemma. First, the definition of "life" the anti-abortionists provide us with is self-contradictory. Second, abortions are safer than

Is it Possible to Harmonise International Trade?

2546 words - 10 pages exports. Only 25 nations ratified the convention, while the Hamburg Rules has been ratified by 34 countries and the Hague Visby Rules are still “in force in most of the world’s shipping nations” (Lemay, 2014)(Clift, 2014)(Tetley, n.d.). Harmonising international trade law is a difficult challenge because countries will only ratify conventions which coincide with their nation’s best interest. Harmonisation is often deemed impossible because different

Torture is a Violation of International Law

1625 words - 7 pages international law (“Why is torture wrong?”). The first reason of principle why torture should never be acceptable is because torture treats the victims as pawns by dehumanizing the victims and by violating their rights and human dignity. To make torture easy and simple, torturers dehumanize their victim. A human being’s body is an essential part for his or her life; however, the people who torture do not consider a victim’s life as important

Similar Essays

In Order To Encourage Fdi, Government Policy Is Viewed As Necessary. It Is Detrimental To International Trade As A Whole? What About

770 words - 4 pages use of domestic and international rules-based means of attracting FDI, while maintaining or strengthening their defense of workers’ rights and the environment. Strengthening the domestic judiciary system, and domestic competition policy, should be a central part of such a move. Transparency should be one of its objectives. The prisoner’s-dilemma nature of competition for FDI creates a permanent risk of costly beggar-thy-neighbor bidding wars and

Is Propaganda A Necessary Part Of Society? Explain?

878 words - 4 pages necessary element of it. Propaganda forms the basis of everything. Grab a newspaper, article, magazine or an advertisement-every piece attributed to media has a tinge of propaganda in it. The modern propaganda especially is using the visual sources to develop a mass culture as it is the easiest way to manipulate crowds. Propaganda is often taken as a negative statement by most of the listeners because of the historical power of the word, however a

Gmo Labeling Legislation Is Necessary Now

1444 words - 6 pages due to the simple fact that the average consumer does not know what he or she may be eating. Looking at a label on a product and deciding whether to consume a GMO is currently not a consumer’s choice in 48 out of 50 states in the United States. Farmers, however, have a bigger say in whether GMOs continue to be a part of the global food supply. Their choices, informed or uninformed, can drastically affect the environment and biodiversity in areas

A Legislation On Derivative Products: The Chicago Board Of Trade

2366 words - 10 pages 1. SUMMARY: . Derivatives are able to eliminate unexpected risks arising from the price volatility of an asset, however they have often been implicated in the most controversial organisational meltdowns and financial crises. The evolution underlying assets in derivative products have pushed the development of legislation to support these changes. The Chicago Board of Trade was the first centralised derivative trading market, since then the