scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,628
Introduction Globalization has become one of the biggest issues in the economic world today and because of the impact many things have changed - including how countries operate with each other Thus international trade has evolved into a complex system of trade barriers to ensure the protection of domestic industry and its workers interests The trade impediments and subsidies include protective tariffs import quotas non-tariff barriers ie licensing and export subsidies In addition the international laws created by the WTO the US government also employs the use of protective tariffs and export subsidies to protect and aid its domestic industry These duties are designed to shield the domestic industry from foreign competition - one of the most publicized tariffs the US government uses in the Antidumping AD duty which is similar to the WTO Antidumping Agreement Dumping is the selling of a product on a foreign market at a price less than fair value This practice can cause material injury to the domestic industry producing a similar product To reverse this problem AD is taxed on specific imports to raise their price Although this is not a new practice it was the first time Kanzen Berhad KB a stainless steel subsidiary of Kanzen Tetsu Sdn Bhd KTSB was faced with an antidumping action filed by the US industry Mr Eu Hong Chew Senior Manager and Director of KB had previous warnings that AD could quickly become a problem however he did not expect the US to act as swiftly as they did The issues facing KB were How could KTSB win the case In the event that antidumping duties were imposed on imports from Malaysia what should KTSB do These questions also lead to other pressing issues such as how is antidumping really calculated and is it a fair practice Does it take into account exchanges rates What effect does it have on employment and company productivity Lastly is antidumping an ethical action Antidumping
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA