When the world’s largest home appliance maker makes a noise, the US International Trade Commission (ITC) is bound to sit up and take notice! The anti-dumping and anti-subsidy petitions filed by Whirlpool have opened a fresh can of worms as the ITC unanimously ruled that Samsung, LG, Daewoo and Electrolux practised “unlawful pricing” for clothes washers originating from South Korea and Mexico.
The ITC’s final ruling, which came in response to petitions filed by Whirlpool in December 2011 on behalf of the US appliance industry, will result in the US Customs imposing import tariffs ranging from 11% to 151% on foreign manufacturers’ products.
Japan, China and India have been following in the footsteps of the US. As members of the World Trade Organization (WTO), they can unilaterally adopt anti-dumping measures, in accordance with the provisions of the Agreement on Implementation of Article VI of the General Agreement on Tariffs and Trade (GATT) 1994, called the Anti-dumping Agreement (AD Agreement).
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Shardul Thacker is a partner at Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.
Mulla House
51, Mahatma Gandhi Road, Flora Fountain
Mumbai 400 001, INDIA
Tel: +91 22 2262 3191 / +91 22 6634 5496
Fax: +91 22 6634 5497
Email: shardul.thacker@mullaandmulla.com
