SESSION 04 TRADE REMEDY MEASURES

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17 Terms

1

Trade remedy measure to protect the domestic industries against unfair trade practice caused by dumping.

Anti Dumping Duty

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2

product which is identical or alike in all respect to the product under consideration, OR 1. LIKE PRODUCT ❑ In the absence of such a product, another product which, although not alike in all respect, has characteristics closely resembling those of the product under consideration

Like products

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3

Amount by which the normal value (the price prevailing in the exporting country) exceeds the export price (selling price to an importer

Price Difference/ Dumping Margin

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4

Refers to "overall assessment" that the material injury suffered by the domestic industry is the direct result of the importation of the dumped imports.

Causality

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5

Trade counter-measure adopted by government to offset any bounty or subsidy given to exporters which is not generally available to other producers of the exporting country

Subsidies and Countervailing measure

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6

____________________" are those falling under the definition of subsidy which are neither non-actionable nor prohibited subsidies

Actionable subsidies or "yellow subsidies

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7

include export subsidies, i.e., those that are contingent on export performance, and subsidies that are contingent on the use of domestic over imported goods.

Red subsidies

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8

Importing country alleging this kind of subsidy can avail of remedy measures by bringing the matter before the ______________________

WTO Dispute Settlement Body for redress

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9

" are those which are permitted as they are of general nature, i.e., applied across-the-board to all industries and not limited to a specific industry or enterprise or group of enterprises or industries

Green Subsidies

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10

by the exporters to increase their price or to cease exporting to the country at a dumped price OR eliminate or limit the subsidy or take other measures concerning its effect or revise its price to eliminate the material injury to the domestic industry.

Voluntary Commitment

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11

Voluntary Commitment shall offer be made only after a ___________________ of dumping/subsidy and injury to the domestic industry

preliminary affirmative determination

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12

May be initiated by or in behalf of the domestic industry or upon own motion of the TC at least six (6) months before sunset/expiry date, i.e., 5th year, to determine whether the expiry of the anti-dumping/countervailing duty will likely lead to continuation or recurrence of dumping/subsidization and injury

Expiry/Sunset Review

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13

At least one year should have elapsed since the imposition of the antidumping/countervailing duty before the review can be made

Interim Review

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14

New foreign exporters requesting the review must not be related to any foreign exporter subject to the antidumping/countervailing duty

New Shipper's/ Accelerated Review

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15

_ aggrieved and/or any interested party may file a petition for review with the Court of Tax Appeal within 30 days from receipt of notice of final ruling on imposition of anti-dumping / countervailing duty

Appeal

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16

Trade remedy to protect the domestic industry against import surge

Safeguard Measure

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17

Action plan indicating a set of quantified goals, specific programs, and timetables that a concerned industry commits to undertake in order to facilitate the industry's positive adjustment to import competition (e.g., adoption of improved technology, rationalization of production structures, etc.)

Adjustment Plan

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