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The World Trade Organization (WTO) Agreement on Antidumping is an important international trade agreement that regulates the use of antidumping measures by member countries of the WTO. Antidumping measures are designed to protect domestic industries from the negative effects of imported goods that are priced below their fair market value.

The WTO Agreement on Antidumping was first established in 1994, as part of the Uruguay Round of negotiations. The agreement sets out the rules and procedures for determining whether imported goods are being sold at less than their fair market value, and for imposing antidumping measures where appropriate.

In order to initiate an antidumping investigation, a domestic industry must first file a petition with its government, providing evidence that imported goods are being sold at less than their fair market value, and that this is causing injury to the domestic industry. The government will then conduct an investigation to determine whether dumping is occurring, and whether antidumping measures are necessary to protect the domestic industry.

Under the WTO Agreement on Antidumping, antidumping measures must be temporary and only used as a last resort. They must also be applied on a non-discriminatory basis, and their imposition must not be arbitrary or unjustified. In addition, the agreement includes provisions for transparency and due process in the antidumping investigation process.

The WTO Agreement on Antidumping has been the subject of some controversy, with some critics arguing that it is used too frequently and that its use can be protectionist. However, supporters argue that antidumping measures are necessary to protect domestic industries from unfair competition, and that the WTO Agreement on Antidumping provides an important framework for ensuring that such measures are used in a fair and transparent manner.

In conclusion, the WTO Agreement on Antidumping is an important international trade agreement that regulates the use of antidumping measures by member countries of the WTO. While it has been the subject of some controversy, most observers agree that antidumping measures are necessary to protect domestic industries from unfair competition, and that the WTO Agreement on Antidumping provides an important framework for ensuring that such measures are used in a fair and transparent manner.