Agreement on implementation of article vi of the General Agreement on Tariffs and Trade 1994
The implementation of Article VI of the General Agreement on Tariffs and Trade (GATT) 1994 refers to the agreement reached by member countries regarding the application of anti-dumping measures. Article VI of GATT 1994 pertains to the use of anti-dumping duties, which are imposed on imported goods that are determined to be priced below fair market value and causing injury to domestic industries.
The agreement on the implementation of Article VI establishes rules and procedures that govern the imposition and administration of anti-dumping measures. These rules aim to ensure that anti-dumping measures are used in a fair and transparent manner, without unjustifiably restricting trade.
The key provisions of the agreement on the implementation of Article VI include the following:
- Determination of Dumping: The agreement provides guidelines on how to determine whether goods are being dumped and causing injury to domestic industries.
- Investigation Procedures: It outlines the procedures that should be followed by investigating authorities when initiating and conducting anti-dumping investigations. This includes provisions for the initiation of investigations, notification of interested parties, and the opportunity for interested parties to present evidence and arguments.
- Calculation of Dumping Margins: The agreement sets out methods for calculating the margin of dumping, which is the amount by which the normal value of the goods exceeds their export price.
- Imposition of Anti-dumping Duties: It establishes criteria for the imposition of anti-dumping duties and the duration of such duties. The agreement emphasizes that anti-dumping measures should be applied only when necessary to counteract the injury caused by dumping and that they should not be used as disguised protectionism.
- Review and Sunset Reviews: The agreement provides for the periodic review of anti-dumping measures to assess their continued necessity and the possibility of their termination. Sunset reviews are conducted to determine whether the expiry of the measure would lead to continuation or recurrence of dumping and injury.
The implementation of Article VI of GATT 1994 is overseen by the World Trade Organization (WTO). The WTO’s Agreement on Anti-Dumping (ADA) further elaborates on the rules and procedures for the implementation of Article VI.
It’s important to note that while the information provided is accurate as of my knowledge cutoff in September 2021, there may have been developments or revisions to the agreement on the implementation of Article VI of GATT 1994 since then.Tags: Agreement on implementation of article vi of the General Agreement on Tariffs and Trade 1994, basic human rights, child rights, children's rights, civil rights, disability rights, freedom of assembly, freedom of religion, freedom of speech, human dignity, human rights abuses, human rights advocacy, human rights definition, human rights education, human rights issues, human rights law, human rights violation, human rights violations, indigenous peoples' rights, indigenous rights, international human rights, international human rights law, minority rights, refugee rights, reproductive rights, right, right to education, right to privacy, right to work, universal human rights, women's rights