By J. Michael Finger, Julio J. Nogues
"This is a vital e-book. It describes how a collection of very diverse nations (from confident loose investors to recurrent sinners) take on the doubtful privilege with a purpose to transpose of their personal legislation the WTO guidance on contingent defense. The seven stories it appears to be like at supply an outstanding booklet of recipes of the issues to prevent completely, these to stick to up to attainable, and people who have an undetermined outcome." - Patrick A. Messerlin, Director, Groupe d'Economie Mondiale de Sciences Po (GEM) "The ebook files expert coverage administration in Latin the US. It opens large new components for inquiry, eg. the reaction of industries supplied emergency safety, use of such tools inside of local agreements, buyer pursuits, and the function of imports to stimulate efficiency." - Rubens Ricupero, Former Secretary-General, United countries convention on exchange and improvement "These case reviews solution the often-neglected questiondo those legislation motivate exchange liberalizatioin in an international of second-best options? Suprising to many, the answer's yesbut provided that administered impartially and in response to sound monetary foundations." - Seth T. Kaplan , vp, Director of foreign exchange perform, CRA foreign "These case reviews show that cautious administration of the felony ideas and household criminal associations can do a lot to minimize the protectionist bent of those tools. The learn could be of price to all legal professionals, economists, political scientists, and coverage makers attracted to the function of exchange treatment measures in nationwide exchange policy." - Alan O. Sykes, Frank and Bernice Greenberg Professor of legislations and college Director for Curriculum, college of Chicago until eventually the Nineties, the most clients of safeguards and antidumping legislation have been Australia, Canada, the ecu Union, and the U.S.. in view that then, many nations have applied such legislation, resulting in a proliferation in antidumping and protect job the world over. This well timed publication files the political financial system surrounding the implementation of those legislation in seven Latin American nations and offers info at the associations created, implementation of the legislation, and next task. It unearths that, within the higher political context, antidumping and safeguards are an important quid professional quo to yes very important sectors to acquire even more liberalized exchange rules for the overall economic system.
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Additional info for Safeguards and Antidumping in Latin American Trade Liberalization: Fighting Fire with Fire (World Bank Trade and Development Series)
Sample text
Moreover, China was not at the time a GATT contracting party; hence, Mexico’s duties would violate its international commitments. In contrast with their immediate action on the package of final goods, the government delayed action on petitions from the steel industry. Although most investigations were opened in 1993, the measures that were applied came near the end of 1995. In the interval, the government examined carefully where Mexican production could be expanded with minimal increase of cost to users.
The Mexican government, however, was reluctant to act on these petitions. S. government to protect its steel industry had played a major role in capture there of the instrument for protectionist purposes. Moreover, an increase of steel prices would be a burden on user industries and exporters. At the same time, producers of a broad range of final goods—including clothing, toys, shoes, and electrical appliances—came forward with intense complaints about low-priced imports, particularly from China.
A low uniform tariff (with few exceptions) implies that contingent protection measures create strong reactions from final producers and consumers. Statutory Discipline There is statutory discipline over the use of trade defense measures as follows: • Chilean law allows only tariff surcharges. Neither import quotas nor price undertakings can be used. • The president cannot impose an action more restrictive than that recommended by the CND. • The maximum length for which a measure may be imposed is one year.