Non-market Economies in the Global Trading System: The Special Case of China

Description

This book provides one of the most comprehensive and compelling analysis of Non-Market Economies (NMEs) and their treatment under the current world trading system. In particular, it examines the treatment of China as an NME in anti-dumping investigations, especially post-December 2016. Central to this analysis is Section 15 of China’s Protocol of Accession to the WTO, which is the focal point of the controversy between China and other major WTO Members. The book highlights multiple perspectives on the interpretation of Section 15 and the Second Ad Note to Article VI of the General Agreement on Tariffs and Trade (GATT), which form the legal basis for China’s special treatment in anti-dumping proceedings, and provides unique approaches on interpreting the above treaty texts. In addition, the book explores recourses to trade remedy instruments other than anti-dumping to identify and address state-driven market distortions in the case of NMEs. Authored by leading practitioners and scholars, the chapters offer a detailed commentary and rich insights into the diverse approaches and methods used by anti-dumping investigation agencies of leading users. This book serves as an all-inclusive resource for discerning all facets of this issue, magnitude of the consequences, and potential threats to the delicate trading system. It is of particular relevance to economies-in-transition and newly acceding countries to the WTO. This book generates special interest among legal practitioners, exporters, trading firms, think tanks, academicians, policy makers and the entire community engaged in international trade disputes with China. Front Matter ....Pages i-xliv Introduction: Non-market Economies in the Global Trading System—The Special Case of China (James J. Nedumpara, Weihuan Zhou)....Pages 1-11 China’s Long March to Market Economy Status: An Analysis of China’s WTO Protocol of Accession and Member Practices (James J. Nedumpara, Archana Subramanian)....Pages 13-64 How China Did not Transform into a Market Economy (Jorge Miranda)....Pages 65-97 The Termination of the Grandfather Clause in China’s Accession Protocol and the Normal Value Construction After Fifteen Years of Accession (Xuewei Feng)....Pages 99-130 Double Remedy: Beyond the Non-market Economy Status (Katarzyna Kaszubska)....Pages 131-153 External Benchmark Choices in Anti-dumping and Countervailing Duty Proceedings: A Battle of ‘Proxies’? (Mukesh Bhatnagar, Pallavi Arora, Isha Das)....Pages 155-184 The Issue of ‘Particular Market Situation’ Under WTO Anti-dumping Law (Weihuan Zhou)....Pages 185-200 Shifting Sands: The Evolution and Future Course of U.S. Anti-dumping Law and Practice Against China and Vietnam (Moushami Joshi)....Pages 201-235 Treatment of China in EU Anti-dumping Investigations Post-December 2017: Plus ça change, plus c’est la même chose (Edwin Vermulst, Juhi Sud)....Pages 237-257 Treatment of Non-market Economies in Anti-dumping Proceedings: The Mexican Approach (Amrita Bahri)....Pages 259-280 ‘Rebuttable Presumption’ to ‘Refutable Assumption’: An Assessment of Market Economy Treatment by the Indian Designated Authority from 1995 till 2018 (Sanjay Notani, Parthsarathi Jha, Rishab Raturi)....Pages 281-302 Conclusion (James J. Nedumpara, Weihuan Zhou, Archana Subramanian)....Pages 303-306 Back Matter ....Pages 307-324