ANTIDUMPING LAWS AND PRACTICE IN SINGAPORE

Abstract

Dumping practice has been an issue in international trade for many decades. As dumping is viewed as unfair trade practice, during the first negotiation of the General Agreement on Tariffs and Trade (GATT) in 1947, Article VI was written to permit GATT Contracting Parties to impose antidumping duties to counteract dumping margin if such dumping causes or threatens to cause significant injury to domestic competing industries. In order to protect domestic competing industries, many countries enacted antidumping legislation to offset the injury caused by dumping. Though the antidumping laws of different countries are GATT consistent, the methods of calculating dumping margin and the degree of injury for the purpose of antidumping duties among these countries may differ. The main purpose of this paper is to examine the antidumping law and practice in Singapore.