Reshma Ann James, Christ (Deemed To Be University) Bengaluru
ABSTRACT
As there are international trade ties, countries are growing more and more concerned with protecting their financial, commercial and trade interests. No country way do as it pleases to safeguard its home markets and compete on international markets because there are regulatory procedures in place because the majority of nations are members of the World Trade Organization (WTO). Use of anti- dumping laws by member states, which serve as tool for the protection of domestic industry against harm brought on by unfair trade practices, is one such approach. Any nation may use anti- dumping measures as retaliation against nations that generate an excess of certain goods due to a competitive advantage and dump them on international markets.
The goal of this study was to look in to how developed and developing nations implement anti-dumping laws and to determine whether dumping is a damaging activity.
Conflict arises between supporters of protectionism and those who support free trade as a result of anti-dumping regulations. While protectionists claim that product dumping is harming domestic markets, free traders claim that antidumping regulations restrict the free flow of goods and services.
There have been a number of dumping-related concerns in recent years, which have severely harmed the country’s economy and generated economic disparities in the domestic industry. The Directorate General of Anti- Dumping (DGAD) and Directorate General of Trade Remedies (DGTR) have examined these issues, and as a consequence, situation have improved and become more helpful. India has been considered a major trading partner on the international stage, and if dumping instances increase, problems will inevitably arise and spread to other types of problems in any event. The Designated authority is already planning to deal with a number of significant dumping-related issues and to establish a firm course of action in accordance with the stablished rules and regulations.
Keywords: Dumping, Anti-dumping, World Trade Organisation, Developed Countries, Developing Countries.
