U.S. Antidumping : Much Ado About Zeroing

The United States use of "zeroing" in its antidumping procedures has become a political flash point threatening some legitimacy of the WTO's dispute settlement system. This paper provides a positive analysis of the zeroing issue, exp...

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Main Authors: Bown, Chad P., Prusa, Thomas J.
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
TAX
WTO
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100629082856
http://hdl.handle.net/10986/3836
id okr-10986-3836
recordtype oai_dc
spelling okr-10986-38362021-04-23T14:02:13Z U.S. Antidumping : Much Ado About Zeroing Bown, Chad P. Prusa, Thomas J. AGRICULTURE ANTI-DUMPING DUTIES ANTIDUMPING DUTY ANTIDUMPING MEASURES APPELLATE BODY AVERAGE PRICE BENCHMARK BILATERAL TRADE CASE LAW COMMERCE COMPLAINANT PARTIES COMPLAINING COUNTRY COMPLAINING PARTY COMPLIANCE PANEL CONFIDENTIALITY COUNTERVAILING DUTIES DEPOSIT DEPOSIT RATE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING COUNTRY EXPORTS DEVELOPING ECONOMIES DISPUTE RESOLUTION DISPUTE RESOLUTION SYSTEM DISPUTE SETTLEMENT DISPUTE SETTLEMENT PROCEDURE DISPUTE SETTLEMENT PROCEDURES DISPUTE SETTLEMENT PROCESS DISPUTE SETTLEMENT SYSTEM DOLLAR VALUE DOLLAR VALUES DOMESTIC INDUSTRY DOMESTIC PRICE DUMPED IMPORTS DUMPING DUMPING AMOUNT DUMPING MARGIN ECONOMIC CRISIS ECONOMIC LAW ECONOMIC RELATIONS ECONOMIC RESEARCH ECONOMIC THEORY EMERGING ECONOMIES EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATES EXPORT MARKETS EXPORT PRICE EXPORT SALES EXPORTING COUNTRIES EXPORTING COUNTRY EXPORTS FAIR FAIR VALUE FOREIGN COMPETITION FOREIGN FIRM FOREIGN GOVERNMENT FREE RIDER FREE TRADE HOME MARKET HOME MARKET PRICE IMPORT RESTRICTIONS INCOME INDIVIDUAL FIRM INDIVIDUAL FIRMS INDUSTRIALIZED COUNTRIES INPUT PRICES INTELLECTUAL PROPERTY INTERNATIONAL BANK INTERNATIONAL ECONOMIC LAW INTERNATIONAL TRADE INTERNATIONAL TRADE LAW LABOR STANDARDS LEGAL ASSISTANCE LEGAL SYSTEM LIABILITY MARKET ACCESS MARKET PRICE MARKET PRICES MATERIAL INJURY NEW PRODUCTS POLICY RESEARCH POLITICAL ECONOMY PRICE LEVELS PRICE VARIATION PRICE VOLATILITY PURCHASING REGRESSION ANALYSIS REMEDIES RETAIL SALES SPREAD SUPPLIERS TAX TRADE AGREEMENTS TRADE BARRIER TRADE BARRIERS TRADE DISPUTES TRADE FLOWS TRADE POLICY TRADE REMEDIES TRANSPARENCY URUGUAY ROUND WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO The United States use of "zeroing" in its antidumping procedures has become a political flash point threatening some legitimacy of the WTO's dispute settlement system. This paper provides a positive analysis of the zeroing issue, explains how it has evolved and who is likely to be affected by it. The authors use economic theory to identify how export price volatility accentuates the impact of zeroing on the size of U.S. antidumping tariffs and review the WTO caseload over zeroing. They describe the impact that the U.S.'s retrospective system for assessing antidumping margins has on zeroing and the political economy implications as the U.S. struggles to generate policy reform. The authors survey existing evidence of the impact of the zeroing on dumping margins and contribute their own evidence to suggest that zeroing is just as likely to impact the size of U.S. antidumping duties applied on developing country exports as developed economy exports. Thus while developed economies have filed the vast majority of WTO disputes against the U.S. over zeroing, the authors conclude that zeroing is also likely a relevant issue for developing country exporters as over 60 percent of the product lines currently subject to U.S. antidumping are exported by developing countries. 2012-03-19T18:40:40Z 2012-03-19T18:40:40Z 2010-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100629082856 http://hdl.handle.net/10986/3836 English Policy Research working paper ; no. WPS 5352 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic AGRICULTURE
ANTI-DUMPING DUTIES
ANTIDUMPING DUTY
ANTIDUMPING MEASURES
APPELLATE BODY
AVERAGE PRICE
BENCHMARK
BILATERAL TRADE
CASE LAW
COMMERCE
COMPLAINANT PARTIES
COMPLAINING COUNTRY
COMPLAINING PARTY
COMPLIANCE PANEL
CONFIDENTIALITY
COUNTERVAILING DUTIES
DEPOSIT
DEPOSIT RATE
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING COUNTRY EXPORTS
DEVELOPING ECONOMIES
DISPUTE RESOLUTION
DISPUTE RESOLUTION SYSTEM
DISPUTE SETTLEMENT
DISPUTE SETTLEMENT PROCEDURE
DISPUTE SETTLEMENT PROCEDURES
DISPUTE SETTLEMENT PROCESS
DISPUTE SETTLEMENT SYSTEM
DOLLAR VALUE
DOLLAR VALUES
DOMESTIC INDUSTRY
DOMESTIC PRICE
DUMPED IMPORTS
DUMPING
DUMPING AMOUNT
DUMPING MARGIN
ECONOMIC CRISIS
ECONOMIC LAW
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC THEORY
EMERGING ECONOMIES
EXCHANGE RATE
EXCHANGE RATE REGIME
EXCHANGE RATES
EXPORT MARKETS
EXPORT PRICE
EXPORT SALES
EXPORTING COUNTRIES
EXPORTING COUNTRY
EXPORTS
FAIR
FAIR VALUE
FOREIGN COMPETITION
FOREIGN FIRM
FOREIGN GOVERNMENT
FREE RIDER
FREE TRADE
HOME MARKET
HOME MARKET PRICE
IMPORT RESTRICTIONS
INCOME
INDIVIDUAL FIRM
INDIVIDUAL FIRMS
INDUSTRIALIZED COUNTRIES
INPUT PRICES
INTELLECTUAL PROPERTY
INTERNATIONAL BANK
INTERNATIONAL ECONOMIC LAW
INTERNATIONAL TRADE
INTERNATIONAL TRADE LAW
LABOR STANDARDS
LEGAL ASSISTANCE
LEGAL SYSTEM
LIABILITY
MARKET ACCESS
MARKET PRICE
MARKET PRICES
MATERIAL INJURY
NEW PRODUCTS
POLICY RESEARCH
POLITICAL ECONOMY
PRICE LEVELS
PRICE VARIATION
PRICE VOLATILITY
PURCHASING
REGRESSION ANALYSIS
REMEDIES
RETAIL
SALES
SPREAD
SUPPLIERS
TAX
TRADE AGREEMENTS
TRADE BARRIER
TRADE BARRIERS
TRADE DISPUTES
TRADE FLOWS
TRADE POLICY
TRADE REMEDIES
TRANSPARENCY
URUGUAY ROUND
WORLD TRADE
WORLD TRADE ORGANIZATION
WORLD TRADING SYSTEM
WTO
spellingShingle AGRICULTURE
ANTI-DUMPING DUTIES
ANTIDUMPING DUTY
ANTIDUMPING MEASURES
APPELLATE BODY
AVERAGE PRICE
BENCHMARK
BILATERAL TRADE
CASE LAW
COMMERCE
COMPLAINANT PARTIES
COMPLAINING COUNTRY
COMPLAINING PARTY
COMPLIANCE PANEL
CONFIDENTIALITY
COUNTERVAILING DUTIES
DEPOSIT
DEPOSIT RATE
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING COUNTRY EXPORTS
DEVELOPING ECONOMIES
DISPUTE RESOLUTION
DISPUTE RESOLUTION SYSTEM
DISPUTE SETTLEMENT
DISPUTE SETTLEMENT PROCEDURE
DISPUTE SETTLEMENT PROCEDURES
DISPUTE SETTLEMENT PROCESS
DISPUTE SETTLEMENT SYSTEM
DOLLAR VALUE
DOLLAR VALUES
DOMESTIC INDUSTRY
DOMESTIC PRICE
DUMPED IMPORTS
DUMPING
DUMPING AMOUNT
DUMPING MARGIN
ECONOMIC CRISIS
ECONOMIC LAW
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC THEORY
EMERGING ECONOMIES
EXCHANGE RATE
EXCHANGE RATE REGIME
EXCHANGE RATES
EXPORT MARKETS
EXPORT PRICE
EXPORT SALES
EXPORTING COUNTRIES
EXPORTING COUNTRY
EXPORTS
FAIR
FAIR VALUE
FOREIGN COMPETITION
FOREIGN FIRM
FOREIGN GOVERNMENT
FREE RIDER
FREE TRADE
HOME MARKET
HOME MARKET PRICE
IMPORT RESTRICTIONS
INCOME
INDIVIDUAL FIRM
INDIVIDUAL FIRMS
INDUSTRIALIZED COUNTRIES
INPUT PRICES
INTELLECTUAL PROPERTY
INTERNATIONAL BANK
INTERNATIONAL ECONOMIC LAW
INTERNATIONAL TRADE
INTERNATIONAL TRADE LAW
LABOR STANDARDS
LEGAL ASSISTANCE
LEGAL SYSTEM
LIABILITY
MARKET ACCESS
MARKET PRICE
MARKET PRICES
MATERIAL INJURY
NEW PRODUCTS
POLICY RESEARCH
POLITICAL ECONOMY
PRICE LEVELS
PRICE VARIATION
PRICE VOLATILITY
PURCHASING
REGRESSION ANALYSIS
REMEDIES
RETAIL
SALES
SPREAD
SUPPLIERS
TAX
TRADE AGREEMENTS
TRADE BARRIER
TRADE BARRIERS
TRADE DISPUTES
TRADE FLOWS
TRADE POLICY
TRADE REMEDIES
TRANSPARENCY
URUGUAY ROUND
WORLD TRADE
WORLD TRADE ORGANIZATION
WORLD TRADING SYSTEM
WTO
Bown, Chad P.
Prusa, Thomas J.
U.S. Antidumping : Much Ado About Zeroing
geographic_facet The World Region
The World Region
relation Policy Research working paper ; no. WPS 5352
description The United States use of "zeroing" in its antidumping procedures has become a political flash point threatening some legitimacy of the WTO's dispute settlement system. This paper provides a positive analysis of the zeroing issue, explains how it has evolved and who is likely to be affected by it. The authors use economic theory to identify how export price volatility accentuates the impact of zeroing on the size of U.S. antidumping tariffs and review the WTO caseload over zeroing. They describe the impact that the U.S.'s retrospective system for assessing antidumping margins has on zeroing and the political economy implications as the U.S. struggles to generate policy reform. The authors survey existing evidence of the impact of the zeroing on dumping margins and contribute their own evidence to suggest that zeroing is just as likely to impact the size of U.S. antidumping duties applied on developing country exports as developed economy exports. Thus while developed economies have filed the vast majority of WTO disputes against the U.S. over zeroing, the authors conclude that zeroing is also likely a relevant issue for developing country exporters as over 60 percent of the product lines currently subject to U.S. antidumping are exported by developing countries.
format Publications & Research :: Policy Research Working Paper
author Bown, Chad P.
Prusa, Thomas J.
author_facet Bown, Chad P.
Prusa, Thomas J.
author_sort Bown, Chad P.
title U.S. Antidumping : Much Ado About Zeroing
title_short U.S. Antidumping : Much Ado About Zeroing
title_full U.S. Antidumping : Much Ado About Zeroing
title_fullStr U.S. Antidumping : Much Ado About Zeroing
title_full_unstemmed U.S. Antidumping : Much Ado About Zeroing
title_sort u.s. antidumping : much ado about zeroing
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100629082856
http://hdl.handle.net/10986/3836
_version_ 1764388593208393728