Business Environment, 1st Edition by Pearson

Chapter 48: India and the WTO | 627 |

The difference between this export price and the normal-value is

known as the “margin of dumping”, which is generally expressed

as a percentage of the export price. Generally, the normal value is

the comparable price at which goods under dispute are sold in the

domestic market of the exporting country or territory.

The GATT rules provide for the right of contracting parties to

apply anti-dumping measures if dumped imports cause injury to a

domestic industry in the importing member country. The revised

GATT Agreement is an improvement over the Agreement in the

Tokyo Round. It offers greater clarity, more detailed rules and the

criteria to be forced in the determination of the injury caused by

dumped imports ...