SA’s anti-dumping ammunition gets legal thrust

ALAN PEAT WE NOW have a full stable of regulations giving SA legal teeth in fighting dumping cases in this country. According to trade and customs consultants, PricewaterhouseCoopers, the Government Gazette of April 15 saw the International Trade Administration Commission (ITAC) publishing its countervailing regulations - following the draft regulations published on August 20 last year. “Countervailing or anti-subsidy is in effect a remedy that could be used on the occurrence of dumping due to government subsidy(ies) or assistance,” said PWC's Riaan de Lange. “And, for the first time since SA’s introduction of trade remedies in 1914, we now have regulations for all three trade remedies – that is dumping, countervailing and safeguards.” The anti-dumping regulations were first published on November 14, 2003, while safeguards regulations followed on August 27, 2004. “It is expected that these regulations will be ratified by the World Trade Organisation (WTO),” De Lange added.