Anti-dumping, Subsidies, and Safeguards : Which is the best measure for WTO members?
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Abstract
For developing the countries, trading plays one of the important roles the country should apply. It can be significant mechanism to improve the states. However, in some countries, the cost of labor is so high that it has an impact on the production cost. As a result, local people normally turn to spend money on imported goods from China or Vietnam which have lower price. For this reason, the lower priced goods from those countries will dominate the market. Thus, it is necessary to have the measure to protect the market and domestic goods and encourage the local people to purchase local products more. The World Trade Organization issues the measures to protect their member countries such as Anti-dumping, Government Subsidies and Safeguards. In this article, the authors examine the best measure for WTO members.
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