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Mukesh Bhatnagar Professor Centre for WTO Studies

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Page 1: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Mukesh Bhatnagar Professor

Centre for WTO Studies

Page 2: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Trade Remedies WTO Members aspire for free trade However, free trade is not always fair trade Distortions in international trade

– dumped exports - subsidized exports

Anti dumping duty to counteract unfair trade practice of exporters from specified countries causing injury to domestic industry of Importing country

Countervailing duty to counteract subsidized exports

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Page 3: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

3 Trade remedy instruments Antidumping Agreement – Anti dumping duty

Safeguards Agreement –safeguard duty Subsides Agreement - Countervailing duty (CVD)

Page 4: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Trade remedies: Comparison AD CVD SG

Dumping Subsidization Import surge

(NOT “unfair”) Material injury

(or threat thereof)

Material injury

(or threat thereof)

Serious injury

(or threat thereof)

Domestic industry: Like products

Domestic industry: Like products

Domestic industry: Like or directly competitive

products

Country Specific Country Specific Irrespective of Source

No compensation No compensation

Compensation may be required

Page 5: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

GATT Article VI Agreement to implement Article VI-Uruguay Round outcome Commonly known as the Anti Dumping Agreement

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Page 6: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013

Country Cases Initiated Measures Imposed

Argentina 312 218

Australia 267 108

Brazil 334 165

Canada 183 113

China 211 164

EU 454 297

India 702 519

Indonesia 110 51 6

Page 7: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Anti-dumping Measures Taken by WTO Members 1.1.1995 to 31.12.2013 -contd. Country Cases Initiated Measures Imposed

South Korea 121 77

Mexico 115 91

South Africa 227 131

Turkey 168 154

USA 508 319

989 cases out of total 4519 initiations were against China. 717 Measures out of total 2894Measures are against China 103 Measures against India. Source: WTO

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Page 8: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013

Page 9: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Anti-dumping Measures Taken by WTO Members – 1.1.1995 to 31.12.2013

Page 10: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Main Sectors of Anti-dumping Measures Sector Number of Measures

Chemical and allied products 609

Plastics, resins and rubber articles 368

Paper, Paperboard and articles 122

Textiles and articles 245

Articles of Stones, Plaster, Glass 104

Base Metals and articles 851

Machinery, Mechanical Appliances, Electrical Equipments etc.

243

(Out of total 2894) Source: WTO

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Page 11: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Countervailing Measures (CVD)

Basis

WTO Agreement on Subsidies and Countervailing Measures (ASCM)

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Page 12: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Countervailing Initiations (1995-2013): (335)

Page 13: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Countervailing Measures (1995-2013): (190)

Page 14: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Share in Countervailing Measures : By Reporting Member

Page 15: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Share of exporting countries in Countervailing measures

Page 16: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Safeguard Measures by Members 1995 to April 2014 Member Number of SG Measures

India 17

Indonesia 15

Jordan 8

Turkey 14

Ecuador 4

Egypt 5

EU* 3

Chile 8

Argentina 4

Philippines 7

US 6

Total 136 *Does not include other EU Member states before accession

Page 17: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Safeguard Measures by Members 1995 to 30 April 2014

Page 18: Mukesh Bhatnagar Professor Centre for WTO Studies...Mukesh Bhatnagar . Professor . Centre for WTO Studies . Trade Remedies

Thank You