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Fair Trade and Remedies Anti­Dumping, Subsidies and Government Procurement

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Chapter Summary

National anti-dumping laws emerged to protect national businesses against aggressive practices of driving out competition by exporting under cost, or above cost, but nevertheless under the prices for the product in the exporters home market. Ad Art. VI General Agreement on Tariffs and Trade (GATT) 1994 contains some clarifications on the determination of dumping and on currency conversions. In a more competitive international environment World Trade Organization (WTO) Members are often willing to help their national industries compete by granting financial assistance in the form of subsidies. The Agreement on Government Procurement (GPA) opens the public procurement markets to competition by providing for most- favoured-nation and national treatment as well as transparency for these transactions. It thus closes the gap left in the GATT 1994, which exempts government procurement of goods from the principle of national treatment.

Keywords: Agreement on Government Procurement (GPA); anti-dumping laws; General Agreement on Tariffs and Trade; subsidies; World Trade Organization (WTO)



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