The case of China's non-market economy treatment at the WTO might be the typical case where (economic) reality outdoes (legal) theory or, perhaps, expectations. By 2001, when the WTO let China in, its Protocol of Accession (PoA) included special trade remedies provisions regarding China's...

Price undertakings are alternatives to imposing anti-dumping duties. In the past, almost half of EU anti-dumping measures were price undertakings. This has drastically changed in recent years. We identify four reasons for the decreasing relevance of price undertakings. First, prior to the...

This paper presents a legal-economic analysis of the World Trade Organization’s Article 22.6 arbitration report on the dispute over certain United States’ antidumping methodologies. The Arbitrator sought to quantify the damages suffered by China from US non-compliance with an earlier ruling....

Antidumping laws have existed in some form since the early twentieth century. Ostensibly aimed at protecting domestic producers from unfair trade practices, they have frequently been used as weapons of protectionism even when dumping has not occurred. When this happens, some special interest...

Antidumping actions have been an increasingly popular means of dealing with alleged unfair international trade practices in the last few decades. In the 1970s, only the United States and a few other countries used antidumping laws to prevent or punish foreign producers for alleged inappropriate...

We provide a synthesis of the theoretical models that study the use of escape clauses, also known as safeguards, in multilateral and preferential trade agreements. We consider models that explain this type of flexibility based on economic efficiency, political economy shocks, and...

This paper explores an under-researched margin of firms' export adjustments in response to negative trade policy shocks: export reallocation across markets. Using detailed Chinese customs data spanning from 2000 to 2015 and a difference-in-differences approach, we compare export dynamics between...

The European Union is dumping its goods on world markets, especially in the UK, because the euro is a structurally undervalued currency. First, the euro is an ‘incomplete' currency. Unlike every other currency, there is no single sovereign standing behind it. Each member state of the Eurozone...

This paper discusses the key ingredients of WTO antidumping, countervailing, and safeguard measures, and corresponding U.S. trade laws. It explores a number of shortcomings of current U.S. antidumping laws, including the cost- and price-based dumping criteria and the inevitable excessive...

The European Union is dumping its goods on world markets, especially in the UK, because the euro is a structurally undervalued currency. First, the euro is an ‘incomplete’ currency. Unlike every other currency, there is no single sovereign standing behind it. Each member state of the...