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Consider the following statements about Anti Dumping Duties
1.Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports.
2.These duties are imposed under the multi-lateral WTO regime.
3.Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.
Which of the given statements are correct?
1 and 2
2 and 3
1 and 3
1, 2 and 3
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports.
This statement is correct. Anti-dumping investigations are initiated by countries to assess whether the domestic industry has been harmed by a sudden influx of imports at prices below their fair market value.
These duties are imposed under the multilateral WTO regime.
This statement is correct. The World Trade Organization (WTO) provides a framework for countries to impose anti-dumping duties as a measure to address unfair trade practices.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.
This statement is correct. The primary purpose of anti-dumping measures is to counteract unfair trade practices, promote fair competition, and protect domestic industries from harm caused by below-cost imports.
Therefore, the correct option is 4 (1, 2, and 3).
By: Kamal Kashyap ProfileResourcesReport error
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