Antidumping measures aim to protect domestic industries from "summary" of Modern Law of International Trade by Ajendra Srivastava
Antidumping measures are put in place to shield domestic industries from unfair competition from foreign companies. Dumping occurs when foreign producers sell their goods in the domestic market at prices lower than their normal value in their own country. This can result in significant harm to domestic industries, leading to job losses and economic instability. By imposing antidumping measures, governments aim to level the playing field and protect their domestic industries from such harmful practices.
These measures can take the form of additional duties or tariffs on dumped imports, making them more expensive for consumers and less competitive in the domestic market. By increasing the cost of dumped goods, antidumping measures encourage consumers to buy from domestic producers, thereby supporting local industries and preserving jobs. This helps to maintain a healthy and competitive business environment, ensuring the sustainability of domestic industries in the face of unfair competition from abroad.
Antidumping measures are not intended to stifle international trade or restrict competition. Rather, they are a necessary tool to prevent predatory pricing practices that can undermine the viability of domestic industries. By enforcing antidumping measures, governments can protect their economies from the negative effects of dumping, while still promoting free and fair trade in the global marketplace. This balance is crucial for maintaining a healthy and thriving domestic industry that can compete effectively on the international stage.
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