Anti-dumping mechanisms of foreign economic policy management

Abstract

Since the mechanism of anti-dumping regulation is a specific instrument for promoting competition in transition economies, the anti-dumping should be viewed as a very important component of the trade policy. The main criteria which are traditionally used in determination of the normal value of product should be adapted to the specificity of production in the transition period. Anti-dumping sanctions are the most common tools in a well-directed struggle with the most competitive foreign products. Therefore antidumping can be regarded as a constitutive and very important part of the trade policy. Its application tends to expand in connection with the development of globalization processes. Developed countries are actively using anti-dumping measures and countervailing duties against foreign competitors. Antidumping duties may be imposed on the import of goods sold on the market at prices lower than the prices established on the domestic market of the exporting country. Countervailing duties may be imposed on imported goods that were granted with state subsidies