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8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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PRESENTED BY:Ankit Mittal
Eshant Jain
Harshul Aggarwal
Attam Khatwani
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MULTILATERAL TRADING SYSTEMOBJECTIVE
To provide a stable and predictable environment.
To provide increased level of
Global trade
Investment Production
Employment
of all the countries.
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTIC
INDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIR
TRADECOMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
5/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTIC
INDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIR
TRADECOMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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Open and liberal trade policies.
Protection at reasonably low levels.
Only through tariff measures.
No quantitative restrictions.
Exception
Article XVIII-B
Article XX and XI
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIR
TRADECOMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
8/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIR
TRADECOMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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No discrimination.
Import tariffs and other measures to be applieduniformly and unconditionally.
Other measures include Charges on importation and exportation.
Method of levying such charges and tariffs.
Exceptions
Regional Preferential Arrangement
One-way Preferential Arrangement
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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No discrimination.
Import tariffs and other measures to be applieduniformly and unconditionally.
Other measures include Charges on importation and exportation.
Method of levying such charges and tariffs.
Exceptions
Regional Preferential Arrangement
One-way Preferential Arrangement
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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No discrimination.
Import tariffs and other measures to be applieduniformly and unconditionally.
Other measures include Charges on importation and exportation.
Method of levying such charges and tariffs.
Exceptions
Regional Preferential Arrangement
One-way Preferential Arrangement
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
12/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIR
TRADECOMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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Treat imported products at par with similar productsproduced in the domestic market.
Cannot levy higher internal taxes on the imported
products.
Regulations affecting the sale/purchase cannot be biased.
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
14/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIR
TRADECOMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
15/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIRTRADE
COMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
17/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIRTRADE
COMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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Article 4.1 - Significant overall impairment in theposition of a domestic industry.
Domestic industry
All the producers of the similar or directly competingproduct.
OR
Producers whose total output constitutes the major
proportion.
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MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIRTRADE
COMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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Article XVIII
Protection to new or existing industries for their furtherdevelopment in accordance with programmes and policiesof economic development.
For developing countries only.
Restriction through import tariffs
Increase over bound rate- requires WTO approval.
Quantitative restriction
Requires WTO approval
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIRTRADE
COMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
22/24
MULTILATERAL
TRADING SYSTEM
RULES
ProtectionTo
DomesticIndustriesBy Tariffs
Only
ReductionIn Tariffs
AndBindingAgainstFurther
Increases.
Conduct OfInternational
TradeAccording To
The MostFavouredNation
Clause.
CommitmentTo The
NationalTreatment
Rule.
PROTECTIONOF DOMESTICINDUSTRIES
AgreementOn
SafeguardMeasures
SeriousInjury
EconomicDevelop
ment
MEETINGTHREATS
TO UNFAIRTRADE
COMPETITION
Anti-dumping
Duties
CounterVailing
Duties
8/14/2019 PRESENTED by: Ankit Mittal Eshant Jain Harshul
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INVESTIGATION INITIATION
Producers supporting the application are over 50% ofthose who are either in support or against.
Producers supporting the application are at least 25% of
total producers.
DETERMINATION OF MATERIAL INJURY
Significant increase in dumped or subsidized export.
Effect on domestic prices
Effects on cash flow, inventories, employment, wages,growth etc.
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