WTO Antidumping Agreement
- The WTO disciplines antidumping actions when grounds exist for doing so. Such grounds include proving the occurrence and extent of the dumping, as well as showing evidence for excessive material damage done to the importing country's domestic market.
- The General Agreement on Tariffs and Trade (GATT), under WTO authority, complements the WTO's Anti-Dumping Agreement (ADA). These joint measures allow an importing country to raise import duty tax on the imported products, thus bringing the price to a fairer value.
- Critics of the ADA, including those at the International Atlantic Economic Society (IAES), state that, while the ADA's design should protect the domestic markets of importing countries, it has also produced the opposite. The IAES reports that some domestic companies use the ADA to sustain inflated prices and limit competition.