Anti Dumping

In: Business and Management

Submitted By sailesh
Words 1430
Pages 6
Antidumping duties and measures laid by U.S.A

Sailesh Patel
1226111126
-------------------------------------------------

Summary:

On January 19, 2012, the Department of Commerce initiated antidumping (AD) and Countervailing (CVD) investigations of imports of large residential washers from Korea (AD/CVD) and Mexico (AD). The petitioner is Whirlpool Corporation. The U.S. International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or about February 13, 2012. If the ITC determines that there is a reasonable indication that imports from Korea and Mexico materially injure or threaten material injury to, the domestic industry, the investigations will continue, and Commerce will be scheduled to make its Countervailing duties and antidumping duties preliminary determinations in March and June 2012, respectively, unless extended. The U.S. government recently decided to no longer collect antidumping duties on imports of stainless steel sheet and strip in coils (SSSSC) from Germany, Italy and Mexico. This action follows from a recent vote of the U.S. International Trade Commission (ITC) in connection with a “sunset review” of existing antidumping duty orders on imports of SSSSC from these three countries, as well as from Japan, Korea and Taiwan. The United States on Friday set hefty preliminary anti-dumping duties on large power transformers made in its future free-trade partner South Korea and used in the electric utility industry.

Antidumping duty investigations:

Large residential washers are automatic clothes washing machines with a cabinet width (measured from its widest point) of at least 24.5 inches (62.23 cm) and…...

Similar Documents

Project Report on Investigation of Noida Sez Exporters' Responses to Anti-Dumping & Allied Duties as Tariff Barriers for International Trade

...PROJECT REPORT ON INVESTIGATION OF NOIDA SEZ EXPORTERS' RESPONSES TO ANTI-DUMPING & ALLIED DUTIES AS TARIFF BARRIERS FOR INTERNATIONAL TRADE UNDER THE GUIDANCE OF PROFESSOR RITU SRIVASTAVA IN THE PARTIAL FULLFILLMENT OF POST GRADUATION DIPLOMA IN MANAGEMENT NIILM-CMS (2010-2012) INDEX SNO. TOPIC PAGE NO. 1. INTRODUCTION 3-6 2. RELEVANCE OF THE STUDY 7 3. RESEARCH OBJECTIVE 8 4. RESEARCH TOOLS AND METHODS 9-10 5. DATA ANALYSIS AND FINDINGS 11-15 6. CONCLUSION 16 7. RECOMMENDATIONS 17 8. RESEARCH LIMITATIONS 18 9. FUTURE AREA OF WORK 19 10. BIBLIOGRAPHY 20 11. ANNEXURE 21 INTRODUCTION: Our project is all about Anti – Dumping, other allied duties and the way these duties affect our Exporters. It also covers the protection policies like “Drawbacks” which our Exporters receive from the Indian Government. Before going into details about our project we would like to define some common terms which are related to our project like “Dumping and Anti – Dumping” etc. Dumping: The term Dumping is said to occur when the goods are exported from a country to another country at a price which is lower than its cost of production. It is therefore an unfair practice which can have a distortive effect on International...

Words: 2681 - Pages: 11

Social Dumping

...Social Dumping-what is Social Dumping? Social dumping refers to a high-wage industrialized countries, relatively inexpensive imports of foreign products, the reason why these products are cheaper is because the exporting countries do not provide decent wages, benefits and other aspects of the protection of workers. Through the use of low-cost and lack of protection labor, exporting countries can be far below normal market prices in the industrialized countries sell their products, which will be its social problems "dumping" to the importing country, in the form is to enable the latter to lose their jobs, reduce wages and force the importing country interest to make it more competitive price structure. Social dumping - profile "anti-dumping hot spot analysis" dumping refers to a country or region exports to operators to lower the domestic market the average price of a normal or even below cost price to another country's market to sell their products, acts aimed at defeating competition opponent, to capture the market and, therefore, to the importing country the same or similar products, manufacturers and industry suffered losses. Anti-dumping, by definition refers to a country (importing country) against the dumping of other countries for their own counter-measures taken by the act. Stronger trend of globalization of trade, countries tend to protect their own industries also will be stronger, anti-dumping has become adopted by the majority of the country's main trading...

Words: 703 - Pages: 3

Anti Dumping

... and Taiwan. The United States on Friday set hefty preliminary anti-dumping duties on large power transformers made in its future free-trade partner South Korea and used in the electric utility industry. Antidumping duty investigations: Large residential washers are automatic clothes washing machines with a cabinet width (measured from its widest point) of at least 24.5 inches (62.23 cm) and no more than 32 inches (81.28 cm). The merchandise covered by these investigations is all large residential washers and certain subassemblies thereof from Korea and Mexico. For purposes of these investigations, the term “large residential washers” denotes all automatic clothes washing machines, regardless of the orientation of the rotational axis, with a cabinet width (measured from its widest point) of at least 24.5 inches (62.23 cm) and no more than 32.0 inches (81.28 cm). Excluded from the scope are stacked washer-dryers and commercial washers designed for the “pay per use” market. Imports of the subject merchandise are provided for under the following categories of the Harmonized Tariff Schedule of the United States (HTSUS): 8450.11.0040, 8450.11.0080, 8450.20.0090, 8450.90.2000, and 8450.90.6000. Some HTSUS subheadings include basket categories and may cover both subject and non-subject merchandise. These HTS numbers are provided for convenience and Customs purposes only; the written description of the scope is dispositive. In 2010, imports of large residential washers......

Words: 1430 - Pages: 6

A Trial Research on Coping Strategies for China's Export Enterprises with Anti-Dumping Under the New Situation

...[pic] [pic] [pic] [pic] 本科生毕业论文 题 目 试论新形势下我国出口企业应对反倾销的策略 姓 名 苏聪明 学 号 070602246 学 院 管理学院 专 业 国际经济与贸易 年 级 2006级 指导教师 (签名) 2010 年 6 月 试论新形势下我国出口企业应对反倾销的策略 摘 要 近年来,反倾销问题一直是我国对外贸易中的热门话题。中国产品已经连续14 年成为全球反倾销调查的头号对象,近3 年来全球更是超过1/3 的反倾销调查针对中国产品。随着出口贸易的迅速增长,我国面临着日趋严重的反倾销威胁。尤其2008年国际金融危机爆发后,欧美各国假借反倾销调查之名大行贸易保护主义,对华反倾销调查达到了前所未有的热度,给我国企业产品出口造成极大的障碍和压力。反倾销已成为中国企业目前难以逾越同时又必须逾越的一道障碍。那么目前中国企业面临着怎样一个现状呢?而我们又应如何应对这种状况,采取怎样的措施来加强防范?已被指控具有反倾销行为的企业又应采取怎样的应对措施呢?本文首先阐述了目前中国遭遇国外反倾销调查的现状、特点,接着分析了国外对我国进行反倾销调查的影响和原因,最后着重论述我国应对国外对华反倾销的策略建议——构建政府、行业协会和企业“三位一体”的反倾销应对体系。希望可以加强我国出口企业的国际竞争力,加快我国对外贸易的发展和我国经济的发展步伐。 关键词:我国出口企业,反倾销,现状,原因,应对策略 A trial research on coping strategies for China's export enterprises with anti-dumping under the new situation Abstract In recent years, anti-dumping issue has been a hot topic in China's foreign trade. Chinese products have become the world's NO.1 target in anti-dumping investigations for 14 consecutive years. Moreover, more than 1 / 3 of the anti-dumping investigations is against Chinese products in the last 3 years. With the rapid growth of exports, China is facing the growing threat of anti-dumping. Particularly after the outbreak of the international financial crisis in 2008, Europe and the United States implemented...

Words: 1566 - Pages: 7

Shrimp Anti Dumping

...Indian Shrimp Industry vs Anti-dumping allegation On 31st December, 2003, the Ad Hoc Shrimp Trade Action Committee (ASTAC) files an anti-dumping petition against 6 countries including India. The case was backed by the Southern Shrimp Association (SSA) of the USA citing dumping of shrimps by the listed countries in the US market paralyzing the domestic industry. Events and their impact on India and US were as follows: a) The US Department of Commerce (DOC) initiates the investigation and notifies the International Trade Commission (ITC) which approves the case and preliminary investigation and duties are performed by 28th July, 2004. b) There is a fall-out between the SSA and the American Seafood Distribution Association (ASDA) as it backs the import of shrimps from the countries to be charged. c) Vietnam, Thailand and Indonesia argue at them being wrongly accused since they export shrimps to the US at the market defined rates but India is in the docks. d) The Us position is that the 6 countries named in the case have grown their space in shrimp imports to it in the years and have captured about 74% of the import to US. e) For India shrimp is the major marine export with plenty of livelihood dependent upon it. f) MPEDA and SEAI forged alliance to not only develop the shrimp industry from scratch but also enable the value chain people with enough money from business through exports at the best possible price. g) The Indian association went...

Words: 619 - Pages: 3

Digital Dumping Ground

...Thesis: The environmental protection agency (EPA) should work more diligently to introduce legislation to eradicate the digital dumping ground because it is increasing at an alarming rate, it is causing problems with the eco-system and destroying health conditions. Digital Dumping Ground “E-waste includes computers, entertainment electronics, mobile phones and other items that have been discarded by their original users” (Osuagwu and Ikerionwu, 2010, p. 5). Electronic waste or E-Waste has been an ever growing problem here in the U.S. New and more advanced products have been entering the market at a faster pace since the 1980s. Retailers make their profit by selling. From cellphones to televisions, consumers have been bombard with lots of choices. However, at some point these items will have to be thrown out, and most likely they will end up in a landfill-- digital dumping ground. Landfills are already overfilled with waste such as plastic bottles, bags, etc. Objects such as these take years to break down. Taking that into account, how long will it take a TV, VCR, or a washing machine to break down, if ever? How has this problem developed? Since many Americans are better educated; have better paying positions, they accumulate more waste. Retailers know this, and want to market their products to them. In a materialistic world where more is better, this will eventually create dire consequences. Landfills are already filled with objects that take years to...

Words: 593 - Pages: 3

Dumping

... in regional markets for certain industries. Ron Chenow points to the example of regional oil monopolies in Titan : The Life of John D. Rockefeller, Sr. where Rockefeller receives a message from Colonel Thompson outlining an approved strategy where oil in one market, Cincinnati, would be sold at or below cost to drive competition's profits down and force them to exit the market. In another area where other independent businesses were already driven out, namely in Chicago, prices would be increased by a quarter.[2] [edit] Anti-dumping actions Legal issues If a company exports a product at a price lower than the price it normally charges in its own home market, it is said to be "dumping" the product. Opinions differ as to whether or not such practice constitutes unfair competition, but many governments take action against dumping to protect domestic industry. The WTO agreement does not pass judgment. Its focus is on how governments can or cannot react to dumping — it disciplines anti-dumping actions, and it is often called the "anti-dumping agreement". (This focus only on the reaction to dumping contrasts with the approach of the subsidies and countervailing measures agreement.) The legal definitions are more precise, but broadly speaking, the WTO agreement allows governments to act against dumping where there is genuine ("material") injury to the competing domestic industry. To do so, the government has to show that dumping is taking place, calculate the extent of dumping...

Words: 1488 - Pages: 6

Literature Review- Anti-Dumping in Usa

... firms can file an antidumping petition under the regulations determined by the United States Department of Commerce, which determines "less than fair value" and the International Trade Commission (ITC), which determines "injury". There are many macroeconomic factors which explain antidumping decisions in the US International Trade Commission (ITC). This paper tries to investigate the correlation between ITC's affirmative antidumping decisions and the plausible macroeconomic determinants like economic growth rate and trade balance. Johansen's co-integration test shows that there is a long run equilibrium relationship between growth rate of the percentage of affirmative antidumping decisions and trade balance. Such a relationship is also found to exist between the former and real GNP growth rate. The error correction model shows that there is a unidirectional causality from trade balance to growth rate of the percentage of affirmative antidumping decisions, but not vice versa. That is, when the Commissioners of the ITC observe deterioration of trade balance, it is likely for them to vote affirmatively regarding their injury determinations. The behavior of the Commissioners is revealed to differ to a certain extent depending on their affiliation with the parties in USA: The Democrat Commissioners' decisions tend to be affected by economic growth rate, although such a tendency was not observed for the Republican Commissioners. Evolution of anti-dumping activities in USA...

Words: 1128 - Pages: 5

Anti Money

...Anti-Money Laundering Act 2010 2. Definitions.-In this Ordinance, unless there is anything repugnant in the subject or context,- (a) “attachment” means prohibition of transfer, conversion, disposition or movement of property by an order issued under section 8; (c) “CTR” means report on currency transactions exceeding such amount as may be specified by the National Executive Committee; (d) “Court” means the Court specified under section 20 (e) “Director General” means the Director General of FMU appointed under section 6; (f) “financial institutions” includes any institution carrying on any or more of the as listed in section 2(f). (g) “fiscal offence” means an offence punishable under the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Excise Act, 2005, the Customs Act, 1969 (IV of 1969), the Sales Tax Act, 1990 and any other law as the Federal Government may notify in this behalf; (h) “FMU” means the Financial Monitoring Unit established under section 6; (i) “foreign serious offence” means an offence – (i) against the law of a foreign State stated in a certificate issued by, or on behalf of, the government of that foreign State; and (ii) which, had it occurred in Pakistan, would have constituted a predicate offence; (j) “investigating or prosecuting agency” means the National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Anti-Narcotics Force (ANF) or any other law enforcement agency as may be notified by the Federal Government for the...

Words: 2488 - Pages: 10

Vietnam Catfish Anti Dumping

.../225570 • www.nri.org/projects/projects/htm The study was funded by the German Ministry for Economic Cooperation and Development (BMZ), and the UK’s Department for International Development (DFID). The views expressed in this report are solely those of the author and do not necessarily represent the views of BMZ, DFID, FAO or GTZ. 2 THE IMPACT OF DUMPING ON TRADE IN FISHERIES PRODUCTS 5. THE IMPACT OF DUMPING ON TRADE IN FISHERIES PRODUCTS1 5.1 What is dumping? Put simply, dumping is the exporting of produce at less than production cost to the material detriment of competitor industries in the importing country. The recourse by the plaintiff – the importing country - is to impose import bans and/or compensating duties (duty orders) on the rogue products in legitimate protection of their own industry – i.e. a re-levelling of the playing field. These are called AntiDumping Measures (ADMs). Theoretically this is a technical issue that should be subject to economic logic and legal argument. In practice it is highly political, can be arbitrary and is often raised at the behest of an industry finding its self unable to compete for harsh but fair economic reasons. Where countries are members of the WTO, an official WTO Anti Dumping Agreement regulates the measures taken – where not, bilateral agreements are made. The way that the WTO deals with dumping has been ably summarised by Dr A Lem recently: Dumping is covered by the Agreement on Implementation of GATT Article VI...

Words: 6446 - Pages: 26

Anti Federalism

...Not ratifying the constitution would have been the better choice. Having a federal system where the sates are supreme makes is more beneficial to the people; having a strong central government however, leaves room for domination and control. The federalist supported the constitution and wanted a strong central government. As an anti-federalist the main focus of interest is the protecting the people's rights and limiting government control. Federalist supported the constitution, and wanted immediate ratification. They favored limiting state power, and believed that a strong central government was needed to protect the country. The Federalist's response to the anti-Federalist claim that a Bill of Rights should be introduced was that it would be dangerous. If a right was not listed, what was stopping the government from violating that law? The Federalist figured it would be best if no specific law was listed. Anti-Federalists did not want to ratify the constitution. Most Anti-Federalists believed that a somewhat stronger central government was needed, but for the most part favored a federal system where the states were supreme. Anti-Federalists did not want to ratify the constitution because there was no bill of rights, they wanted the rights of the people to be documented, and limit government power to some degree. The anti-federalist also believed that congress and the executive branch held too much power, and they feared that people of wealth would have the opportunity...

Words: 754 - Pages: 4

Rape and Baby Dumping

... solitude and exclusion. They will fear to socialize with people or strangers especially men. These effects will last for the victim’s lifetime. Rape will make victims self-pity or self blame. Victims will blame themselves or pity themselves because they think that it was a shame. They can’t accept the fact. It will lead to suicide tendencies. Because of trauma, self pity and seclusion, they think that they were being raped, they have a dirty body. It was a shame to live in this world. It will be better if they are not longer living in the world. Besides that, it also will lead to a social effect, which is baby dumping. Some unlucky women who were raped by the rapists will have child. But since these children have unknown father, which is rapist, and no one will willing to take care of it, rape victims will dump the baby once the baby was born. Baby Dumping Nowadays, we are dedicated with the news on baby dumping quite often. Baby dumping means the acts of throwing away the babies at any places and any times without taking care of the babies. This inhumane treatment of newborn babies is a heartbreaking reflection of the state of social ills in our society involving erring youths and teenagers. Besides, it is also an indicative of problematic families where the family has failed to instilling noble values in the young generation. Why will this be happen in our society? Factors lead to baby dumping Lack of Religious Upbringing There are many factors or causes......

Words: 3469 - Pages: 14

Anti-Dumping

...Effects of Anti-dumping Measures A country that is exposed to dumping will benefit from the lower prices. The consumers of the importing country will have a larger consumer surplus since they have access to a larger supply of goods to a lower price. These consumer benefits will be lost when the importing country imposes an antidumping measure on the low-price imports. When the duties are levied on the imports the products will have the same price-level in both domestic and foreign market. When the price is increased in the foreign market the supply will decrease and the producers have to comply with an inefficient low level of output. The consumers in the importing country have to pay a higher price for the products and have less consumer surplus. Other customers will not pay the higher price and are driven out of the market, which leads to a dead-weight social cost (Howse & Trebilcock, 1995). Imposing an anti-dumping measure will cause all the consumers and industrial user benefits from dumping to disappear. The importing country will drive the dumped products out of the market if the anti-dumping duties are high enough, or the product might remain in the market at higher prices. If the dumped products leave the market, the domestic firms are able to raise their prices due to lesser competition. If an anti-dumping measure is introduced in a market where the domestic industry is composed of only one producer, it might lead to that producer charging...

Words: 543 - Pages: 3

Dumping

...CASE 1.1 “Made in the USA – Dumped in Brazil, Africa, Iraq…” 1. a. moral b. nonmoral c. moral d. nonmoral e. nonmoral 3. Dumping has become commonplace in modern trade. At a time when the profit has become the only guide and the only moral value that some people recognize, the trade in prohibited goods and hazardous chemicals becomes legitimate. Thus, it is obvious that those who decide to become dumpers are driven by profit. Especially, as far as the manufacturers of prohibited products in USA are concerned, they would do everything that could reduce the damage that would result from the withdrawal of a product from the market. In this case, large amounts of money are at stake and the ethics and values ​​are sacrificed on the altar of profit. I cannot believe personally that the instigators believe that what they do is morally acceptable, because then we would be talking about a total lack of humanity. Simply, staying attached to their moral principles and thinking that they endanger the lives of people, they would be destroyed economically. For this reason, they put aside ethics for financial soundness. I personally think that if I was in a position to choose whether to move or not to other countries products or substances that can cause even death to thousands of people, I would have many moral scruples and second thoughts. Respect for human life is something that I could not get over easily, especially when talking about the lives of young...

Words: 585 - Pages: 3

Dumping

.... Interesting enough they state “The WTO Agreement does not regulate the actions of companies engaged in "dumping". Its focus is on how governments can or cannot react to dumping — it disciplines anti-dumping actions, and it is often called the “Anti-dumping Agreement” (World Trade Organsation, 2015). The WTO has chosen not to pass moral judgement on any other country but provide an ethical approach to supporting those countries around how to react to dumping through regulations and standards. However this could be seen as a morally ambivalent stance on the capitalist world. My personal position of Dumping is, if the goods are of good quality and are safe, the practice is acceptable. Where goods are shipped that are unsafe and don’t meet GMR or home country requirements, then practice is unacceptable despite it being the choice of the receiving country. I see people is the end user and I could not in good faith support a process that would see goods end up in a country that caused pain or suffering to another human being which leans towards Kant’s ethics of promoting human happiness and well being(Shaw et al., 2013). References Shaw, W. H., Issa, T., & Catley, B. (2013). Moral issues in business (2nd Asia Pacific ed.). South Melbourne, Vic.: Cengage Learning. World Trade Organsation. (2015). Anti- Dumping. Retrieved from https://www.wto.org/english/tratop_e/adp_e/adp_e.htm....

Words: 1296 - Pages: 6