Anti-dumping code
The imposition of an anti-dumping duty is a measure to be taken only under the circumstances provided for in Article VI of the General Agreement and pursuant to investigations initiated and conducted in accordance with the provisions of this Code.
Article VI of GATT 1994, explicitly authorizes the imposition of a specific anti-dumping duty on imports from a particular source, in excess of bound rates, in cases where dumping causes or threatens injury to a domestic industry, or materially retards the establishment of a domestic industry (World Trade Organization).
The General Agreement on Tariffs and Trade (GATT), signed in 1947 by 23 countries, is a treaty minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies. It was intended to boost economic recovery after World War II.
GATT was expanded and refined over the years, leading to the creation in 1995 of the World Trade Organization (WTO), which absorbed the organization created to implement GATT. By then, 125 nations were signatories to its agreements, which covered about 90% of global trade (Investopedia).
Majaski, Ch. (December 19, 2023). What Is the General Agreement on Tariffs and Trade (GATT)? Investopedia. Retrieved from: https://bit.ly/3Ol7WLr
World Trade Organization. Technical Information on anti-dumping. Retrieved January 27, 2024 from: https://bit.ly/3OjFgSY