Non-market Economies in the Global Trading System The Special Case o
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,
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n-market Economies in the Global Trading System The Special Case of China
Non-market Economies in the Global Trading System The Special Case of China
James J. Nedumpara Weihuan Zhou •
Editors
Non-market Economies in the Global Trading System The Special Case of China
123
Editors James J. Nedumpara Centre for Trade and Investment Law Indian Institute of Foreign Trade New Delhi, Delhi, India
Weihuan Zhou Faculty of Law UNSW Australia Sydney, NSW, Australia
ISBN 978-981-13-1330-1 ISBN 978-981-13-1331-8 https://doi.org/10.1007/978-981-13-1331-8
(eBook)
Library of Congress Control Number: 2018947470 © Springer Nature Singapore Pte Ltd. 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Foreword
When China acceded to the World Trade Organization (WTO) in 2001, it agreed to a series of unprecedented commitments. At the time, some Chinese criticized their trade negotiators for having capitulated to the demands of Western powers, in agreeing to a series of onerous obligations that were not sought of other developing countries. With hindsight, however, China’s WTO accession consolidated and propelled a series of much-needed economic reforms that have accelerated the country’s re-emergence as a global trading power. One of the onerous obligations was that of Section 15 of China’s Protocol of Accession. Out of fear that Chinese exporters, aided directly or indirectly by the state in a non-transparent system, might overwhelm domestic entities, the Western powers demanded that their governments, when investigating an allegation of unfair trade through dumping, could treat China as a non-market economy for fifteen years, unless the Chinese exporters being investigated
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