Foreword
A company that exports a product at a price below what it normally charges in its home market is said to be "dumping" that product. When a domestic industry is injured or threatened by such behavior, the World Trade Organization (WTO) allows the country to take anti-dumping action, usually in the form of an extra import duty on the product from the exporting nation.Over the past decade, anti-dumping measures have become widespread. From 1991 to 2003, 41 WTO member countries (out of a total of 148) initiated anti-dumping procedures. Under its dispute resolution system, the WTO establishes a panel of…
