Dumping and Anti-dumping Measures
Material Source: international economics,July1984 Author: Richard Senti Zurich
In recent times, the number of dumping actions has shown a striking correlation with the respective level of economic activity, The following observations convey an overall picture of the dumping actions currently pending and the anti-dumping measures implemented, and look into the current problems faced by the international anti-dumping system.
For years, dumping actions have been at the centre of discussions in the trade negotiations between the US, Canada, Japan and the member countries of the EC. At the end of 1977, there were twenty dumping actions in progress in the USA. Tension eased in 1978 following the introduction of the trigger price system to regulate steel imports On confirmation of the modified cost criterion in the US Trade Act of 1979, the US steel firms once again took action against the EC steel producers. In 1980, the trigger price system briefly became temporarily inoperative but was applied again the same year with added force. Nevertheless, more dumping actions followed,particularly in the years 1981 and 1982 At the beginning of 1983, the mittee on Anti-Dumping Questions published a summary of theanti-dumping proceedings instituted during recent years in the USA, EC, Finland, Canada, Austria and Sweden,the provisional and definitive counter-measures and the price agreements reached cf. Table 1.
The majority of actions are directed at the industrialised nations and only a few against the developing countries. Neither withdrawn actions nor those which resulted in a negative decision are included in these figures.
Table 2 shows between which trade partners dumping negotiations took place during the years 1981/82, i.e. which countries instituted proceedings and which were sitting in the dock as far as was reported to GATT.
US Anti-Dumping Legislation as a Basis
In 1945, immediately after the end of