Published Date: 2006-12-31
Most of the papers appearing in this volume were originally presented at the 2005 International Conference on the Trade Remedy System: The East Asian perspective, held on August 29-30 in Taipei, sponsored by the Taiwan WTO Center of Chung-Hua Institution for Economic Research (CIER). In this book, trade remedies refer to anti-dumping, safeguard, and countervailing (anti-subsidy) measures. Four East Asian countries, namely China, Japan, Korea, and Taiwan, have collectively demonstrated one of the most successful models in achieving economic growth through trade in the past 50 years. Beyond these four, there are numerous developing countries that have not greatly benefited from the world trading system. The book found that the current system is hostile to the export-oriented economies such as the East Asian Four. For the trade remedy system to safeguard world trade, it must reinforce rather than hinder the competition mechanisms in the market place.
This book is organized into four parts. The first part deals with the reconstructing issues of the current trade remedy system and points out the direction of reforms from different perspectives. The second part reviews the historical records of the system, portrays the pattern of trade remedy measures, and identifies some important issues that this pattern has revealed. The third part presents the experiences of the East Asian countries in operating the trade remedy system, usually by the way of imitating its implementation in the US and the EU. The final part describes some of the recent developments in the trade remedy issues from an East Asian perspective, including China’s status as a non-market economy, the role of export subsidies, the operations of trade remedy mechanisms in PTAs, and proposed reforms concerned with anti-dumping agreements that are pertinent to the Doha Round.