Dumping
Dumping
Dumping
Dumping - Definition
The export by a country or company of a product at a
price that is lower in the foreign market than the price
charged in the domestic market.
Dumping occurs when
Normal Value in Export market > Export Price
WTO decides whether dumping is
unfair competition
paper industry
17th century - Dutch accused of selling products at lower
cost to drive out French from the Baltic areas
1790s 1800s Americans become wary of under priced selling by competitors
Types of Dumping
Sporadic Dumping
Predatory Dumping
Persistent Dumping
Social Dumping
Causes of Dumping
Producers in one country are trying to stay competitive with
Consequences of Dumping
Affects the financial viability of the domestic
manufacturers
Job losses and unemployment in the long run
Affects trade relations between countries
Anti-Dumping rules and imposition of tariffs an quotas
European Council.
It is governed by European Council regulation 384/96
implementation of anti-dumping actions (trade defence
actions) is taken after voting by various committees with
member state representation.
investigation to DG Trade.
It should represent at least 25% of community industry.
the level of tariff set is based on the damage done to
community producers by dumping.
EU anti-dumping actions are primarily considered part of
a "trade defence" portfolio.
Glossy Paper
Galvanized Steel
Silica Bricks
Solar Panels
Chinas Response
Steel Tubes
Car parts
Polysilicon
Chemical Industry
http://www.chinadaily.com.cn/bizchina/
2012-12/12/content_16010548.htm
Explicitly authorizes the imposition of a specific antidumping duty on imports from a particular source, in
excess of bound rates
issues and on basis thereof, for forwarding its recommendations is the Ministry of
Commerce, Government of India.
The responsibility for Imposition and Collection of duties as imposed
person not below the rank of a Joint Secretary to the Government of India or
such other person as that Government may think fit as the Designated
Authority.
The Designated Authority is a quasi-judicial authority notified under the
costing officers assist the DGAD plus a section under the DGAD headed by
the SectionOfficer to deal with the monitoring and coordination of die
against final determination and reviews. No appeal will lie against the
preliminary findings of the Authority and the provisional duty imposed on the
basis thereof. The appeal to the CEGAT should be filed within 90 days.
given below:
http://commerce.nic.in/traderemedies/ad_casesinindia.asp?id=2
Wow !!! Its really worth it!
on 13 January 2012 extended for five years anti-dumping duty on import of four Chinese products in the
face of widening trade gap with China. The duty has been imposed to protect the domestic industry from
cheap imports.
As
per the Revenue Department notification issued for the purpose, import of certain type of silk fabrics from
China is to attract anti-dumping duty of $1.82 to $7.59 per meter. The duty was first imposed on the fabrics in
December 2006 till December 2011.
Notifications for extension of anti-dumping duty on imports of cellophane transparent film and saccharin from
China for five years have also been issued. Saccharin is a non-nutritive sweetener and considered to be low
calorie substitute for cane sugar.
India
had a trade deficit of $16 billion against China during 2010-11. It has already crossed $20 billion in the
first seven months of 2011-12. The Directorate General of Anti-Dumping (DGAD) had carried a suo motu probe
in December 2010 to examine whether cessation of the duty would lead to continuation of dumping and injury
to the domestic players. Following the review, DGAD had recommended continuation and enhancement of the
anti-dumping duty. India till date initiated about 150 anti-dumping cases against China, which account for over
half of such actions taken by the country against foreign nations.
In
the notification it was also specified that the duty on import of certain type of nylon filament yarn from China,
Chinese Taipei, Malaysia, Thailand and Korea will be imposed at USD 0.20 to USD 1.51 per kilogram for
another five years.
the
government also levied provisional anti-dumping duty on import of phosphoric acid (excluding agriculture
/fertiliser grade) from Israel and Taiwan. The duty at $116.25 to USD 260.26 per tonne has been imposed for
six months.