Mukesh Bhatnagar Professor Centre for WTO Studies ... Mukesh Bhatnagar . Professor . Centre for WTO

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Transcript of Mukesh Bhatnagar Professor Centre for WTO Studies ... Mukesh Bhatnagar . Professor . Centre for WTO

  • Mukesh Bhatnagar Professor

    Centre for WTO Studies

  • Trade Remedies  WTO Members aspire for free trade  However, free trade is not always fair trade  Distortions in international trade

     – dumped exports  - subsidized exports

     Anti dumping duty to counteract unfair trade practice of exporters from specified countries causing injury to domestic industry of Importing country

     Countervailing duty to counteract subsidized exports

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  • 3 Trade remedy instruments  Antidumping Agreement – Anti dumping duty

     Safeguards Agreement –safeguard duty  Subsides Agreement - Countervailing duty (CVD)

  • Trade remedies: Comparison AD CVD SG

    Dumping Subsidization Import surge

    (NOT “unfair”) Material injury

    (or threat thereof)

    Material injury

    (or threat thereof)

    Serious injury

    (or threat thereof)

    Domestic industry: Like products

    Domestic industry: Like products

    Domestic industry: Like or directly competitive

    products

    Country Specific Country Specific Irrespective of Source

    No compensation No compensation

    Compensation may be required

  • GATT Article VI Agreement to implement Article VI-Uruguay Round outcome Commonly known as the Anti Dumping Agreement

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  • Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013

    Country Cases Initiated Measures Imposed

    Argentina 312 218

    Australia 267 108

    Brazil 334 165

    Canada 183 113

    China 211 164

    EU 454 297

    India 702 519

    Indonesia 110 51 6

  • Anti-dumping Measures Taken by WTO Members 1.1.1995 to 31.12.2013 -contd. Country Cases Initiated Measures Imposed

    South Korea 121 77

    Mexico 115 91

    South Africa 227 131

    Turkey 168 154

    USA 508 319

    989 cases out of total 4519 initiations were against China. 717 Measures out of total 2894Measures are against China 103 Measures against India. Source: WTO

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  • Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013

  • Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013

  • Main Sectors of Anti-dumping Measures Sector Number of Measures

    Chemical and allied products 609

    Plastics, resins and rubber articles 368

    Paper, Paperboard and articles 122

    Textiles and articles 245

    Articles of Stones, Plaster, Glass 104

    Base Metals and articles 851

    Machinery, Mechanical Appliances, Electrical Equipments etc.

    243

    (Out of total 2894) Source: WTO

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  • Countervailing Measures (CVD)

    Basis

     WTO Agreement on Subsidies and Countervailing Measures (ASCM)

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  • Countervailing Initiations (1995-2013): (335)

  • Countervailing Measures (1995-2013): (190)

  • Share in Countervailing Measures : By Reporting Member

  • Share of exporting countries in Countervailing measures

  • Safeguard Measures by Members 1995 to April 2014 Member Number of SG Measures

    India 17

    Indonesia 15

    Jordan 8

    Turkey 14

    Ecuador 4

    Egypt 5

    EU* 3

    Chile 8

    Argentina 4

    Philippines 7

    US 6

    Total 136 *Does not include other EU Member states before accession

  • Safeguard Measures by Members 1995 to 30 April 2014

  • Thank You

    Overview of Trade Remedy Instruments in WTO Trade Remedies 3 Trade remedy instruments Trade remedies: Comparison Anti dumping�Legal texts/ provisions Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013 Anti-dumping Measures Taken by WTO Members 1.1.1995 to 31.12.2013 -contd. Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013 Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013 Main Sectors of Anti-dumping Measures Countervailing Measures (CVD) Countervailing Initiations (1995-2013): (335) Countervailing Measures (1995-2013): (190) Share in Countervailing Measures : By Reporting Member Share of exporting countries in Countervailing measures Safeguard Measures by Members 1995 to April 2014 Safeguard Measures by Members 1995 to 30 April 2014 Thank You