Neither Article VI of the GATT nor the GATT Anti-dumping Code make special provision for dumping by centrally-planned economies. The second interpretative note to paragraph (1) of Article VI merely recognises that in the case of imports from a country ‘which has a complete or substantially complete monopoly of its trade and where all prices are fixed by the state’ a strict comparison with domestic prices may not always be appropriate. No alternative method of price comparison is proposed and it has been left to individual contracting parties to decide how best to deal with this problem. With the rapid development of East-West trade, however, and the increasing involvement of state-socialist countries in the GATT (Czechoslovakia was an original signatory and Yugoslavia, Poland, Hungary and Romania have become full members in recent years),1 protection against dumping and low-priced imports from non-market economies has emerged as an important policy issue.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Dumping Problems in East-West Trade
- Palgrave Macmillan UK
- Chapter 7
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