Impact of Dumping and Health Care

Abstract

Anti-dumping duties have been increasingly popular in recent years as a mechanism for correcting market inefficiencies caused by international trade liberalisation. Several recently industrialized countries, like Japan, Korea, Taiwan, and now China, have been accused of dumping their products on the world market in order to achieve stronger market penetration and, in the long run, higher profits if their competitors leave the market. The Ministry of Commerce and Industry responsible for free and fair trade in India considers dumping to occur ‘When the export price of the goods imported in India is less than the normal value of the like articles sold in the domestic market.’ Even though members of the World Trade Organization (WTO) are required to trade freely, there are some exceptions. One is when goods are suspected of being dumped in a foreign market, which implies that the exporter sells the product at a cheaper price in the international market than in its domestic market. Along with the Anti-dumping Agreement, GATT Article VI governs this. Imported medical devices account for approximately 80% of overall sales in the medical device sector. Domestic Enterprises are primarily engaged in the production of low cost goods for both domestic and foreign markets.1 1 https://timesofindia.indiatimes.com/business/indiabusiness/80-medical-equipment-imported-doctors-say/ articleshow/56081617.cms (last accessed: February 27, 2018. 1|Page Volume 2 – Issue 1 Journal of Multi-Disciplinary Legal Research ISSN: 2582-9947 I also provide links to resources and extensive data on available to study AD, as well as my own perspectives (in a concluding section).