Contents

Non-Market Economies, Significant Market Distortions, and the 2017 EU Anti-Dumping Amendment

Shadikhodjaev, Sherzod

Abstract

Anti-dumping is a fair trade mechanism of protecting domestic industries from certain underpriced imports. In December 2017, the European Union made a remarkable amendment to its anti-dumping legislation to shift from a long-standing practice of specific dumping calculations for a pre-defined list of non-market economies to a 'country-neutral' approach of targeting significant market distortions. The new methodology requires the European Commission to use only prices and costs not influenced by substantial government interventions and to take account of some social and environmental dimensions in the anti-dumping process. Although the new methodology formally differs from the previous one, it is largely the same in addressing severe price distortions and being capable of inflating anti-dumping duties for affected products. In this article, we discuss major changes introduced by the 2017 amendment. While we agree with the earlier scholarly conclusions that the 2017 amendment is likely to fail to meet the World Trade Organization's legal standards, we nevertheless justify the embedded anti-distortion policy as a reasonable way of making trade fairer and suggest taking proactive actions at the global level to render the new dumping methodology internationally acceptable.

Issue Date
2018-12
DOI
10.1093/jiel/jgy041
Journal Title
JOURNAL OF INTERNATIONAL ECONOMIC LAW
Start Page
885
End Page
905
ISSN
1369-3034
Files in This Item:
    There are no files associated with this item.

Click the button and follow the links to connect to the full text. (KDI CL members only)

qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.