What is trade defence?
03/12/2022 04:58
The WTO agreements cover three TDIs:
- anti-dumping
- anti-subsidy
- safeguards.
The first two instruments act against unfair trade practices (dumping or subsidies). Safeguards are measures designed to give an industry time to adjust to a significant increase in imports.
To start an investigation and subsequently impose trade defence measures, there has to be sufficient evidence of unfair practices or of a significant increase in imports. In each case, a number of specific criteria have to be met, which are explained below.