Saturday, May 16, 2009

WTO Confirms Judgment Against U.S. | Journal of Commerce

The controversy about zeroing involves the way the U.S. calculates antidumping duties. When other countries calculate such duties, they usually average the prices of batches of goods to assess whether a foreign country is selling its products at prices that are lower than at home. However, the U.S. ignores -- or treats as "zero" -- those imports that actually cost more than U.S.-made products. Critics of zeroing, opposed by all of the WTO's 153 members except the U.S., say that zeroing exaggerates the extent of dumping and artificially inflates antidumping duties, because it ignores those cases where imports cost more than U.S. products. However, the U.S. still considers the method fair, and has been urging the WTO to recognize zeroing in the WTO-sponsored Doha round of trade talks.
WTO Confirms Judgment Against U.S. | Journal of Commerce

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