ANTI DUMPING: RHETORIC AND REALITY
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https://doi.org/10.55662/Keywords:
Antidumping, domestic industry, price discriminationAbstract
“The trade certified by GATT is like the fox put in charge of the hen house. The fox is clever enough not only to eat the hens, but also to convince the farmer that it is the way things ought to be.” - Michel J. Finger
Dumping is, in general, a situation of international price discrimination, where the price of a product when sold to the importing country is less than the price of the same product when sold in the market of the exporting country. Anti- Dumping laws comprise the provisions that govern such practices. In the globalize economy, dumping is one of the most controversial issues and so are the anti-dumping laws. This paper explores the evolution of anti- dumping laws and looks into the investigation procedure for establishing anti-dumping duties critically, in the process of taking a closer look at the debate that surrounds the actual need for such anti-dumping laws.
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