Analysis of "The Dunkel Text" Section F Part I. -- Ant-Dumping Code, and the Effects it Will Have on the U.S. if Adopted
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This paper examines a section of the recently proposed General Agreement on Tariff and Trade (GATT) text on unilateral trade laws which modifies existing antidumping laws. The Dunkel Text, as it has come to be known, would introduce wide-spread changes in the United States, since we are one of the major users of antidumping laws in the world. Business interest groups in the u.s. generally oppose the changes since they would make bringing and winning anti-dumping cases more difficult and limit the use of these laws as a protective weapon. However, adoption of the Dunkel Text codes would begin to help the GATT return to the free-trade stance it took in its formative years. Section I presents research which will show support this assertion. Chapter one introduces the reasoning behind writing on this specific topic. Chapter two reviews the GATT since its beginnings in the 1940's. Chapter three defines the various types of dumping and their actual effects. Chapter four compliments that by demonstrating the historical and modern uses of antidumping laws. Chapter five is the central point of this paper and analyzes various sections of the Dunkel Text. Contrasting reactions to the Text are utilized in order to help present the actual consequences of its adoption, as well as the genuine needs in anti-dumping legislation. Chapter six presents the conclusions stated in the paragraph above, declaring an acceptance of the Dunkel Text a victory for free-trade.