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- W3123523765 abstract "This article explores the issue of “particular market situation” (PMS) in anti-dumping practice. The issue has become one of the most controversial issues in the bilateral trade activities between China and Australia and in the negotiations of the China – Australia Free Trade Agreement. It is likely to become a problem on the multilateral level under the WTO once the non-market economy assumption (allowed under China’s WTO Accession Protocol) expires after December 2016. It is, therefore, important for the WTO tribunals to standardise the law and practice in relation to PMS. The article argues that the existence of a situation in the market, such as government interventions by regulation and financial assistance, does not by itself constitute a PMS. Rather, a determination of PMS must be based on an assessment of the comparability between domestic selling price and export price of subject goods. A PMS should not be found to exist if an alleged price distortion has affected the two prices even-handedly such that a proper comparison of the prices would not be precluded. It is the responsibility of investigating authorities to undertake such an inquiry into comparability. Without such an inquiry, a finding of PMS cannot be justified and would be likely to result in a comparison between undistorted normal value and distorted export price contrary to the requirement of ‘proper comparison’ or ‘fair comparison’. This proposed approach to PMS finds support in the relevant GATT/WTO negotiating records and also in the GATT jurisprudence on PMS and WTO jurisprudence on related issues of antidumping and countervailing investigations. Importantly, it promotes free trade by prohibiting unjustified inflation of dumping margin and discouraging tit-for-tat abuse of PMS." @default.
- W3123523765 created "2021-02-01" @default.
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- W3123523765 date "2016-09-01" @default.
- W3123523765 modified "2023-09-26" @default.
- W3123523765 title "Debunking the Myth of ‘Particular Market Situation’ in WTO Anti-Dumping Law" @default.
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