Article Abstract:
European Community Commission antidumping proceedings against China have increased recently, from 17 filed between 1981 and 1988, to 23 filed between 1988 and 1991. Prices in non-European surrogate countries provide the basis against which economies that operate in a non-market manner are judged. The low prices of Chinese goods compared with the high prices in most of the selected surrogates has led to severe penalties against China, which when applied to the country rather than specific companies, is uncompetitive policy. EC law and practice are examined and compared with US policy.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The World Trade Organization's (WTO) Dispute Settlement Understanding (DSU) represents a step towards a more legalized approach to dispute settlement in international trade. This requires a more formal approach to settlement, meaning more rules and procedural guidelines. Some of the rules in the DSU, especially those addressing time guidelines and anti-dumping, may be too complicated. The dispute settlement procedures of the WTO are discussed in detail, and relevant sections of the DSU are included in an appendix.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
An international competition law under the aegis of GATT would be the most effective way of dealing with international anti-competitive problems since domestic competition laws are not up to the task. GATT would be the best choice to administer such a system since it already deals with unfair competition in the areas of dumping, government procurement and subsidies. For this system to work, competition and trade laws would have to be consistent, avoiding double jeopardy problems for foreign companies.
User Contributions:
Comment about this article or add new information about this topic: