Safeguards

Normal value

18/08/2008

Representation of the normal price against which the export price is compared to determine if dumping is occurring. Normally based on prices in the domestic market but can also be based on constructed normal value (cost of production plus SGA plus profit) or export prices to third countries. Special rules can be applied with regard to identifying normal value for non-market economies.

Newcomer review

18/08/2008

If a product is subject to anti dumping duties in an importing Member, the authorities shall promptly carry out a review for the purpose of determining individual margins of dumping for any exporters or producers in the exporting country in question who have not exported the product to the importing Member during the period of investigation, provided that these exporters or producers can show that they are not related to any of the exporters or producers in the exporting country who are subject to the anti dumping duties on the product.

Like product

18/08/2008

A product that is alike in all respects to the product under consideration, or in the absence of such a product, another product which, although not alike in all respects, has characteristics closely resembling those of the product under consideration

Interim review

18/08/2008

The authorities shall review the need for the continued imposition of the duty, where warranted, on their own initiative or, provided that a reasonable period of time has elapsed since the imposition of the definitive anti dumping duty, upon request by any interested party which submits positive information substantiating the need for a review.

Initiation

18/08/2008

The procedural action by which a WTO Member formally commences an anti-dumping investigation

Expiry review

18/08/2008

Any definitive anti dumping duty shall be terminated on a date not later than five years from its imposition (or from the date of the most recent review under paragraph 2 if that review has covered both dumping and injury, or under this paragraph), unless the authorities determine, in a review initiated before that date on their own initiative or upon a duly substantiated request made by or on behalf of the domestic industry within a reasonable period of time prior to that date, that the expiry of the duty would be likely to lead to continuation or recurrence of dumping and injury. Also called sunset review.

Dumped

18/08/2008

A product is to be considered as being dumped, i.e. introduced into the commerce of another country at less than its normal value, if the export price of the product exported from one country to another is less than the comparable price, in the ordinary course of trade, for the like product when destined for consumption in the exporting country.

De minimis dumping

18/08/2008

The margin of dumping shall be considered to be de minimis if this margin is less than 2 per cent, expressed as a percentage of the export price.

4 5 6