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Trade remedies serve as safeguards against unfair competition from "summary" of Modern Law of International Trade by Ajendra Srivastava
Trade remedies are crucial tools that countries can use to protect their domestic industries from unfair competition. In today's global economy, where trade flows freely across borders, it is essential for nations to have mechanisms in place to ensure a level playing field for their businesses. Trade remedies serve as safeguards against practices such as dumping, subsidies, and sudden surges in imports, which can distort markets and harm domestic producers. Dumping, for example, occurs when a foreign company sells its products in a foreign market at a price lower than what it charges in its home market. This can undercut domestic producers and lead to job losses and economic hardship. By imposing anti-dumping duties on such products, countries can offset the unfair advantage enjoyed by foreign firms and protect their own...
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