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

Anti Dumping The Controversy Essay

4093 words - 17 pages

Anti-dumping - The controversy- 02 April 2004While antidumping doesn't get a lot of press, it is certainly one of the biggest issues that the WTO is dealing with today. During the recent WTO Ministerial Conference in Seattle, much was made about protesters who were demanding higher environmental standards or international labor standards. Little was mentioned about antidumping. However, In the midst of the many demonstrators there were steel workers and members of other union organizations like the AFL-CIO who were there to defend US antidumping laws. Antidumping regulation was a major issue for Seattle as it is for the organization of the WTO in general. From the inception of the WTO, there ...view middle of the document...

Also, WTO member countries must agree to all the obligations of its agreements. The WTO also features binding panel resolutions. Countries must accept the panel rulings; under GATT that was not necessarily true. Still, WTO embodies the same spirit as GATT. It favors trade liberalization and globalization over trade barriers. In particular, one main objective of the WTO is to reduce trade restrictions, and one of the first agreements it reached was a general reduction in tariffs. (Schott, 1). For all of the WTO's promise to tear down of trade barriers, there is some concern that antidumping procedures are a covert way of hanging on to some of these practices. Since the WTO has come into existence, antidumping cases have flourished. Between January 1994 and July 1995 there were 238 new provisional or actual antidumping measures were enforced by 19 WTO members (Schott, 221). Most came from countries such as the United States, Australia, Canada and the countries of the European Union. Under the WTO Antidumping Agreement, dumping is generally defined as selling a product in an export market at a lower price than the product is sold in the exporter's home country. It is also associated with selling the product at less than the marginal cost of production. This action is often called predatory pricing. The dumping company keeps its price so low that it drives its competition out of business so it gains monopoly power after a time. A company is able to do this in the long run because after a time it only has to cover its average variable cost, once it covers its overhead expenses. Antidumping is the practice where governments place tariffs or quotas or duties on imported goods that they believe are being dumping in their in order to prevent their domestic industries from collapsing due to the importer's unfair pricing. Examples of goods that often affected by antidumping measures are steel, computer screens and supercomputers, and agriculture. If in fact a domestic industry is indeed having competing products being dumped in its country, it is possible that it could be injured. The lower price imports could decrease the amount of domestic products purchased, and domestic companies may not be able to lower their prices in order to compete with these imports. Thus, antidumping procedures may be prudent in these cases. Antidumping can be a necessary measure for countries to enforce in certain cases. However, this paper focuses with the problems of antidumping. One particular issue is whether or not countries are using the valid methods (by the WTO's standards) to determine the presence of antidumping. Since this is such a controversial issue, this paper often examines the results if there are antidumping measures placed on products that are not actually being dumped or that do not severely harm domestic industries. It should be absolutely noted that this is not all there is to say about antidumping. Rather, it describes some of the arguments against...

Other Essays On Anti-Dumping - The Controversy

Woodrow Wilson - A Controversial President

1029 words - 5 pages Woodrow Wilson, president of the United States during World War One, is known as one of the most controversial presidents in American history. While some might claim that he is among the greatest presidents this country has ever had, others will argue that he is among the worst. How can one man, in his eight years as president, create so much controversy? A "war to end all wars" and all that comes along with it can do that to a man. As a result

This Essay Covers Different Aspects Of Censorship Such As School Sex Censorship, Book Censorship And Even Library Censorship. Includes References And Standard MLA

3756 words - 16 pages principle of it remains the same - by speech, to invoke change. Anti-Censorship allows for this forum to exists. While there are many things that are clear-cut, there are many debates, which have no right or wrong side, like sex education in schools.Censorship in schools is also another hotly debated topic in which the boundaries of right and wrong are tested, yet once again. In an article of The Daily Breeze, a local Southland newspaper, the headline

"Guilty Pleasures" By Laurell K. Hamilton As Compared To The Buffy The Vampire Slayer Tv Show. Includes Synopsis Of The Book

3119 words - 13 pages , and Ronnie agrees to check out some of the human anti-vampire organizations around to see if any of them might be behind the vampire murders. Anita goes to the Animators, Inc. offices where she works to take care of some business. When she's finished, she finds Phillip, the human stripper from Guilty Pleasures, waiting for her. Phillip wants to know why Jean-Claude never returned to the club the night before. Anita tells him that Nikolaos

Organic Food Is Better Than Conventional Food

1235 words - 5 pages , conventional pesticides, genetic engineering, or ionizing radiation (, 2007). Conventional foods are the food that produced by using the synthetic pesticides and fertilizers. There is some controversy surrounding this issue. Thus, this research paper will delve into both benefits and setbacks brought by the organic food and conventional food. Finally, we conclude whether organic food is better than conventional food.Organic foods have no

"Neo-Predjudices" How Do Today's Acts Of Racism Differ From Those In The Past? Today, Acts Of Racism Are Perpetrated More By Individuals Than By Governments

1734 words - 7 pages international media. The pressure became so strong that Mandela was set free in 1991 and the abolishment of apartheid began shortly thereafter. Although apartheid is no longer a political policy in South Africa, the existence of anti-black, pro-apartheid groups is rampant and the enormous gap between the standard of living of blacks and that of whites is still existent. Since they began to emigrate as slaves in the seventeenth and eighteenth centuries

Ethical Issues In Global Business

3066 words - 13 pages Table of ContentsIntroductionPage 3EthicsCorruption in the United StatesPage 3Corruption and the OlympicsPage 6Corruption AbroadPage 7Affects of CorruptionPage 8Anti-Corruption Strategies Page 10ConclusionPage 11Back Up MaterialsTransparency International, Global Corruption Report 2001Tab 1Time Trail Article: Italy, The Mani Pulite ScandalTab 2Economic Perspectives 1998, View from Stuart EizenstatTab 3Promoting the Rule of Law and Anti

Viagra: Miracle Drug Or Miracle Scam?

2435 words - 10 pages the drug as one. Sex therapists and marriage counselors around the country have admitted to seeing sexually bewildered wives of Viagra patients. Some women come because they were happy with their quiet and sexually diminished marriages, while others are upset because the sex was unsatisfying before and is worse now that their husbands have sex drives again.There are now several anti- Viagra websites on the net discouraging the use of Viagra and

Young Offender Boot Camps

3611 words - 15 pages works to alter a life of crime, programs can achieve rehabilitation by emphasizing problem-solving skills and anti criminal role-modeling." A criminologist by the name of Castellano, believes that there is too much emphasis on punishment and retribution, and this makes the military models less effective in treating offenders. A boot camp in Illinois has therapeutic elements and intense community supervision afterwards- the aftercare program

What Are The Major Difficulties Associated With Theorising White-Collar Crimes?

1971 words - 8 pages collapse...on the other hand violations of anti trust laws do not pose a threat to the social structure of American capitalism and can therefore be tolerated' (Pearce, 1976 quoted by Croall, 1992:11).Despite the wide variety of offences, there have been few successful attempts to develop neat typologies or sub-categorisations (Croall, 1992). These different interpretations of the nature of white-collar crime lead to the corresponding views concerning

Hip Hop And Feminism

4386 words - 18 pages consolidate the perception of black women, and 2 - those who are deeply concerned about the imagery of sexuality (Rose, 2008). Due to the controversy over hip hop music, it is apparent that there is a large and growing anti-fan based.As mentioned previously, hip hop music promotes and perpetuates sexuality; however it does also have negative images of women. Hip hop music "promotes sexist and demeaning images of black women as its bread-and-butter

The Effects Of Globalisation On The Australian Business Culture

2809 words - 12 pages state differences debate has sparked controversy with many opponents of the view that, the multinational corporations are after a global playing field without rules and access to unregulated labour, consumer markets, and natural resources without having to operate under the restrictions of national laws (Caldicott, 2000). Such poignant views illustrate the contentious nature of the debate. There will always be resistance to globalisation, and an

Similar Papers

Patent Law. The Suit Of The South African Government By 39 Pharmaceutical Corpora Tions, Concerning Imports Of 'genuine' Aids Drugs. Author: Irina Violina

3393 words - 14 pages only for 1 % of a market share.LAWS APPLICABLE AND CONCERNEDThe issues surrounding this case study are mostly based on TRIP's agree-ment, the Medicines and Related Substances Control Amendment Act, the Interna-tional Covenant on Economic, Social, and Cultural Rights, and the WTO rules concerning anti-dumping.1. TRIP'sThe clauses of the TRIP's agreement relative to our case are concerned with compulsory licensing and parallel importing.Compulsory

Nafta, The North American Free Trade Agreement

1945 words - 8 pages consumers and an increase in exports to Mexico and Canada. The multiplier effect would then take place producing growth in all areas. The Anti-NAFTA group feels that Mexico will be an unequal partner due to the lower wage rates of the Mexican populace, causing the loss of thousands of jobs in the United States and Canada. Environmentalist fear that pollution will spread across the continent. Farmers fear that produce grown in Mexico will be

Applying International Trade Concepts Paper, James Michael Smith

1423 words - 6 pages price of the imported goods, an anti-dumping tariff is added at 25% the export price, $40. The third part of the simulation questions if tariffs should be added onto corn imports that come into the country of Rodamia. A good route to go here was to leave trade free on both sides and not place a tariff since free trade helps out both sides of the trade. The last portion of the simulation asks if free trade between Rodamia, Alfazia, and Uthania

Politics, The Labour Government Essay

493 words - 2 pages LabourCritically examine new labour policy on law and order relative to those embraced by their conservative predecessors.Some political scientists argue that it seems there has been a political consensus tilting further to the right on the spectrum on the issue of law and order in the UK since 1979.However, other commentators refute such claims as being simplistic and ill thought out, thereby, creating a political controversy which, some say