Anti Dumping Wto Agreement

The GATT 1994 sets out a number of fundamental principles that apply to trade between WTO members, including the most favoured principle. It also requires that imported products are not subject to internal taxes or other changes beyond the changes imposed on domestic products and that imported products are not treated less well than domestic products under national laws and regulations, and establishes rules on quantitative restrictions, import costs and formalities. and the determination of the value for duty. WTO members have also approved the setting of schedules for related tariffs. In contrast, Article VI of the GATT 1994 expressly permits the imposition of a specific anti-dumping duty on imports from a given source, which exceeds the bound rates, where the dumping causes or threatens injury to a domestic industry or significantly impedes the establishment of a domestic industry. The Agreement implementing Article VI of the GATT 1994, commonly known as the Anti-Dumping Agreement, provides for a further elaboration of the fundamental principles for the investigation, setting and application of anti-dumping duties set out in Article VI itself. The cumulative analysis focuses on the combined consideration of dumped imports from more than one country to determine whether the dumped imports are causing injury to the domestic industry. All WTO Members (external link) are parties to this Agreement, whose full name is “Agreement implementing Article VI of the General Agreement on Tariffs and Trade 1994”. . . .