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Objectives The use of anti-dumping and countervailing duties has increased around the globe, born from protectionist tendencies most countries have toward their home industries. In free-trade shorthand, dumping occurs when an imported good is sold at less than the goods domestic fair market value. Anti-dumping is the legal framework countries use to place duties, or import surcharges, on products determined to be dumped. Anti-dumpings twin brother-countervailing duties — is slapped on imports whose prices are deemed artificially low because of government subsidies. Theme of the Text : Text A mainly explains how countries should take anti-dumping actions according to WTO agreement. Anti-dumping measures can only be applied if the dumping is hurting the importing country. So, the purpose of anti-dumping actions is to defend its domestic industries. Some other regulations in the Anti-Dumping Agreement are also specified at the same time. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business. World Trade Organization is an international organization based in Geneva that monitors and enforces rules governing global trade. This agreement does two things: it disciplines the use of subsidies, and it regulates the actions countries can take to counter the effects of subsidies. It says a country can use the WTO’s dispute settlement procedure to seek the withdrawal of the subsidy or the removal of its adverse effects. Or the country can launch its own investigation and ultimately charge extra duty (known as “countervailing duty”) on subsidized imports that are found to be hurting domestic producers. On 1 January 1995, the most fundamental change occurred during
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