LAW 725 Lecture Notes - Lecture 3: General Agreement On Tariffs And Trade, Common External Tariff, Precautionary Principle
14 Dec 2015
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Case study being able to apply the rules. Assessments must be made in terms of making regulations. 3 elements needed to fulfill the requirements of this agreement: demonstrate that dumping is taking place, extent of dumping, it is causing an injury or threatening one to the domestic. If these requirements are met the importing country may impose and extra import duty on the particular product. A member country may restrict imports of a product temporarily industry. Lists a set of circumstances under which members can introduce measures that are otherwise contrary to their gatt obligations. Tough restrictions on the use of measures aimed at achieving these objectives. Such measures are permitted provided they are not applied in a manner which would constitute: 1. A means of arbitrary or unjustifiable discrimination between countries where there the same conditions prevail or: 2.
