What are the key principles of the WTO's Anti-dumping Agreement?

The World Trade Organization (WTO) Anti-dumping Agreement is an international agreement that was created to ensure fair competition for all countries when it comes to international trade. The key principles of this agreement are designed to protect both governments and consumers from unfair practices when imports of goods or services are sold below their fair value in the domestic market. The most relevant principles of the agreement are the concept of fair competition, market access and price stability. Under fair competition, all countries must agree to practice fair and open international trade. This includes eliminating any form of protectionist measures (such as tariff or non-tariff barriers) that are intended to protect domestic producers from international competition. Additionally, the agreement seeks to provide an environment of market access in which products from any country can be imported freely and to promote price stability by setting limits on imported goods and services that may be sold below their fair values in the domestic market. The WTO Anti-dumping Agreement also protects domestic producers from unexpected surges in imports that can lead to a decline in overall prices and a decrease in profits. This safeguard allows countries to impose anti-dumping duties that are based on their own investigations and the findings of the WTO. The agreement is important for ensuring fair competition in international trade. It helps to create a level playing field for all countries and promotes a global economy in which each country is able to benefit from international trade.

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What are the key principles of the WTO's Anti-dumping Agreement?

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