This 5 page paper answers three questions; the first identifies the relevant official bodies in the US that deal with trade dumping complaints and gives examples of such cases. The second question looks at the difference between power-based and rule-oriented diplomacy and gives recent examples of a clash between the two styles, the third question summarizes what is meant by competitive advantage and comparative advantage. The bibliography cites 4 sources.
Name of Research Paper File: TS14_TEintqu1.rtf
Unformatted Sample Text from the Research Paper:
a market. The way in which a country responds to this is set at a national level, as the World Trade Organisation does not condone or condemn the practice. In
the United States the Department of Commerce International Trade Commission is the main body that will assertion in dumping has taken place (ITA, 2003). Domestic cases, where it is
a company within the US that claims to be suffering as a result of dumping is referred to the International Trade Commission, which will take into consideration all the relevant
economic facts, not only prices, but also the domestic situation of the products such as employment levels, profits and market share (ITA, 2003). The investigation, if found positive, and the
Department of Commerce agree will make an instruction to the Customs service to make an assessment of duties on the relevant imports that are being dumped (ITA, 2003). The
duty levied will reflect the dumping margin, so of goods are at 40% below their fair price the duty will be 40% (ITA, 2003). Petitions may be foiled by companies
within the US that feel they are suffering due to dumping, help from the department is available for the smaller companies. An example of the use of anti-dumping legislation is
seen with the import of seafood. The US Department of Commerce ruled in preliminary findings that Vietnam was dumping cheap catfish onto the US market (Rajkumar, 2003). The result has
been the imposition of duties up to 64% on the imports (Rajkumar, 2003). There is currently an investigation into 16 different shrimp producing nations as well, with low prices seen
to hurt the US industry as a result of the price drop of 29% over the last three years (Rajkumar, 2003). This is just one example, but it should also