Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China

In 2007, the United States Department of Commerce altered a 23-year old policy of not applying the countervailing duty law to non-market economies, and initiated eight countervailing and antidumping duty investigations on Chinese imports. The chang...

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Main Authors:	Zhao, Longyue, Wang, Yan
Format:	Policy Research Working Paper
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	ACTIONABLE SUBSIDIES AD VALOREM ADVERSE EFFECTS ADVERSE IMPACT ADVERSE TRADE EFFECTS AFFIRMATIVE INJURY DETERMINATION AGREEMENT ON SUBSIDIES AGRICULTURE ANTI-DUMPING ACTIONS ANTIDUMPING DUTY ANTIDUMPING LAWS ANTIDUMPING MEASURES APPELLATE BODY APPELLATE BODY REPORT BANK LENDING BANK LOANS BANKRUPTCY BARRIER BARTER BENCHMARK BENCHMARKING BENCHMARKS BILATERAL TRADE CAPACITY BUILDING CENTRAL PLANNING CENTRALLY PLANNED ECONOMIES CENTRALLY PLANNED ECONOMY COMMERCE COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPLAINING COUNTRY CONSUMER SURPLUS CONSUMERS CONTRACTING PARTIES COUNTERVAILING DUTIES COUNTERVAILING DUTY INVESTIGATION COUNTERVAILING MEASURES CURRENCY CURRENCY EXCHANGE RATES CUSTOMS DARK AMBER SUBSIDIES DEBT DEBTS DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT POLICIES DIRECT TRANSFER DIRECT TRANSFERS DISPUTE SETTLEMENT DISPUTE SETTLEMENT BODY DISPUTE SETTLEMENT MECHANISM DISPUTE SETTLEMENT PROCEDURES DOMESTIC INDUSTRIES DOMESTIC PRICES DUMPED IMPORTS DUMPING ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC IMPLICATIONS ECONOMIC RELATIONS ECONOMIC SYSTEMS ENVIRONMENTAL IMPACT EQUITY INFUSION EUROPEAN UNION EXCHANGE RATE EXCHANGE RATE SYSTEM EXCHANGE RATES EXPANSION OF TRADE EXPORT PRICE EXPORT SUBSIDIES EXPORT SUBSIDY EXPORTING COUNTRIES EXPORTING COUNTRY EXPORTS FACTORS OF PRODUCTION FAIR FAIR MARKET VALUE FAIR TRADE FAIR VALUE FINANCIAL CONTRIBUTION FOREIGN BANK FOREIGN BANKS FOREIGN COUNTRIES FOREIGN COUNTRY FOREIGN DIRECT INVESTMENT FOREIGN GOVERNMENT FOREIGN INVESTMENT FOREIGN PURCHASERS FOREIGN TRADE FREE TRADE GDP GLOBAL EXPORT GOVERNANCE INDICATORS GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT SUBSIDIES GRANTING AUTHORITY HOME MARKET HUMAN CAPITAL IMPORT SUBSTITUTION IMPORT SUBSTITUTION SUBSIDIES IMPORTED GOODS IMPORTING COUNTRIES IMPORTING COUNTRY INCOME INCOME GROUP INCOME LEVELS INCOME TAX INDUSTRIAL COUNTRIES INEFFICIENCY INFLATION INPUT PRICES INSURANCE INTEREST RATE INTEREST RATES INTERNAL MARKET INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL LAW INTERNATIONAL TRADE INVESTIGATING AUTHORITIES ITC JOINT VENTURES JUDICIAL REVIEW JURISDICTION LIBERALIZATION LOCAL BANK MARKET DISTORTIONS MARKET ECONOMIES MARKET ECONOMY MARKET ECONOMY COUNTRIES MARKET FAILURES MARKET FORCES MARKET ORIENTATION MARKET PRICES MARKET REFORMS MARKET RISK MARKET SHARE MARKET VALUE MATERIAL INJURY MERCHANDISE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MONOPOLIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NON- MARKET ECONOMY NON-ACTIONABLE SUBSIDIES NON-MARKET ECONOMY OUTPUT POLICY RESEARCH POLITICAL CONSIDERATIONS POLITICAL REASONS POLITICAL STABILITY PREFERENTIAL LOAN PRELIMINARY DETERMINATION PRICE COMPARABILITY PRICE CONTROLS PRICE SUBSIDIES PRICE SUPPORT PRICE TAKERS PRODUCTION COSTS PROHIBITED SUBSIDIES PROHIBITED SUBSIDY PROPERTY LAWS PUBLIC POLICIES QUANTITATIVE RESTRICTIONS RAPID GROWTH REBATE REBATES REGIONAL DEVELOPMENT RURAL INFRASTRUCTURE SALE SALES SAVINGS SETTLEMENT PROCEDURES SOCIAL STABILITY SOCIAL WELFARE STATE ENTERPRISES SUBSIDIZATION SUBSTITUTION SUPPLY CURVE SURROGATE MARKET TAX TAX BREAKS TAX CREDITS TAX LIABILITY TAX RATE TAX RATES TAX TREATMENT TERMINATION OF PROCEEDINGS THIRD MARKET TRADE AGREEMENTS TRADE BARRIERS TRADE DISPUTES TRADE POLICIES TRADE POLICY TRADE RELATIONS TRADE REMEDIES TRADE REMEDY LAWS TRADING SYSTEM TRANSFER OF FUNDS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION ECONOMY TREASURY URUGUAY ROUND WAGE RATES WORLD ECONOMY WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO
Online Access:	http://documents.worldbank.org/curated/en/2008/03/13896462/trade-remedies-non-market-economies-economic-implications-first-countervailing-duty-case-china http://hdl.handle.net/10986/6319

id	okr-10986-6319
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACTIONABLE SUBSIDIES AD VALOREM ADVERSE EFFECTS ADVERSE IMPACT ADVERSE TRADE EFFECTS AFFIRMATIVE INJURY DETERMINATION AGREEMENT ON SUBSIDIES AGRICULTURE ANTI-DUMPING ACTIONS ANTIDUMPING DUTY ANTIDUMPING LAWS ANTIDUMPING MEASURES APPELLATE BODY APPELLATE BODY REPORT BANK LENDING BANK LOANS BANKRUPTCY BARRIER BARTER BENCHMARK BENCHMARKING BENCHMARKS BILATERAL TRADE CAPACITY BUILDING CENTRAL PLANNING CENTRALLY PLANNED ECONOMIES CENTRALLY PLANNED ECONOMY COMMERCE COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPLAINING COUNTRY CONSUMER SURPLUS CONSUMERS CONTRACTING PARTIES COUNTERVAILING DUTIES COUNTERVAILING DUTY INVESTIGATION COUNTERVAILING MEASURES CURRENCY CURRENCY EXCHANGE RATES CUSTOMS DARK AMBER SUBSIDIES DEBT DEBTS DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT POLICIES DIRECT TRANSFER DIRECT TRANSFERS DISPUTE SETTLEMENT DISPUTE SETTLEMENT BODY DISPUTE SETTLEMENT MECHANISM DISPUTE SETTLEMENT PROCEDURES DOMESTIC INDUSTRIES DOMESTIC PRICES DUMPED IMPORTS DUMPING ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC IMPLICATIONS ECONOMIC RELATIONS ECONOMIC SYSTEMS ENVIRONMENTAL IMPACT EQUITY INFUSION EUROPEAN UNION EXCHANGE RATE EXCHANGE RATE SYSTEM EXCHANGE RATES EXPANSION OF TRADE EXPORT PRICE EXPORT SUBSIDIES EXPORT SUBSIDY EXPORTING COUNTRIES EXPORTING COUNTRY EXPORTS FACTORS OF PRODUCTION FAIR FAIR MARKET VALUE FAIR TRADE FAIR VALUE FINANCIAL CONTRIBUTION FOREIGN BANK FOREIGN BANKS FOREIGN COUNTRIES FOREIGN COUNTRY FOREIGN DIRECT INVESTMENT FOREIGN GOVERNMENT FOREIGN INVESTMENT FOREIGN PURCHASERS FOREIGN TRADE FREE TRADE GDP GLOBAL EXPORT GOVERNANCE INDICATORS GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT SUBSIDIES GRANTING AUTHORITY HOME MARKET HUMAN CAPITAL IMPORT SUBSTITUTION IMPORT SUBSTITUTION SUBSIDIES IMPORTED GOODS IMPORTING COUNTRIES IMPORTING COUNTRY INCOME INCOME GROUP INCOME LEVELS INCOME TAX INDUSTRIAL COUNTRIES INEFFICIENCY INFLATION INPUT PRICES INSURANCE INTEREST RATE INTEREST RATES INTERNAL MARKET INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL LAW INTERNATIONAL TRADE INVESTIGATING AUTHORITIES ITC JOINT VENTURES JUDICIAL REVIEW JURISDICTION LIBERALIZATION LOCAL BANK MARKET DISTORTIONS MARKET ECONOMIES MARKET ECONOMY MARKET ECONOMY COUNTRIES MARKET FAILURES MARKET FORCES MARKET ORIENTATION MARKET PRICES MARKET REFORMS MARKET RISK MARKET SHARE MARKET VALUE MATERIAL INJURY MERCHANDISE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MONOPOLIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NON- MARKET ECONOMY NON-ACTIONABLE SUBSIDIES NON-MARKET ECONOMY OUTPUT POLICY RESEARCH POLITICAL CONSIDERATIONS POLITICAL REASONS POLITICAL STABILITY PREFERENTIAL LOAN PRELIMINARY DETERMINATION PRICE COMPARABILITY PRICE CONTROLS PRICE SUBSIDIES PRICE SUPPORT PRICE TAKERS PRODUCTION COSTS PROHIBITED SUBSIDIES PROHIBITED SUBSIDY PROPERTY LAWS PUBLIC POLICIES QUANTITATIVE RESTRICTIONS RAPID GROWTH REBATE REBATES REGIONAL DEVELOPMENT RURAL INFRASTRUCTURE SALE SALES SAVINGS SETTLEMENT PROCEDURES SOCIAL STABILITY SOCIAL WELFARE STATE ENTERPRISES SUBSIDIZATION SUBSTITUTION SUPPLY CURVE SURROGATE MARKET TAX TAX BREAKS TAX CREDITS TAX LIABILITY TAX RATE TAX RATES TAX TREATMENT TERMINATION OF PROCEEDINGS THIRD MARKET TRADE AGREEMENTS TRADE BARRIERS TRADE DISPUTES TRADE POLICIES TRADE POLICY TRADE RELATIONS TRADE REMEDIES TRADE REMEDY LAWS TRADING SYSTEM TRANSFER OF FUNDS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION ECONOMY TREASURY URUGUAY ROUND WAGE RATES WORLD ECONOMY WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO
spellingShingle	ACTIONABLE SUBSIDIES AD VALOREM ADVERSE EFFECTS ADVERSE IMPACT ADVERSE TRADE EFFECTS AFFIRMATIVE INJURY DETERMINATION AGREEMENT ON SUBSIDIES AGRICULTURE ANTI-DUMPING ACTIONS ANTIDUMPING DUTY ANTIDUMPING LAWS ANTIDUMPING MEASURES APPELLATE BODY APPELLATE BODY REPORT BANK LENDING BANK LOANS BANKRUPTCY BARRIER BARTER BENCHMARK BENCHMARKING BENCHMARKS BILATERAL TRADE CAPACITY BUILDING CENTRAL PLANNING CENTRALLY PLANNED ECONOMIES CENTRALLY PLANNED ECONOMY COMMERCE COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPLAINING COUNTRY CONSUMER SURPLUS CONSUMERS CONTRACTING PARTIES COUNTERVAILING DUTIES COUNTERVAILING DUTY INVESTIGATION COUNTERVAILING MEASURES CURRENCY CURRENCY EXCHANGE RATES CUSTOMS DARK AMBER SUBSIDIES DEBT DEBTS DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT POLICIES DIRECT TRANSFER DIRECT TRANSFERS DISPUTE SETTLEMENT DISPUTE SETTLEMENT BODY DISPUTE SETTLEMENT MECHANISM DISPUTE SETTLEMENT PROCEDURES DOMESTIC INDUSTRIES DOMESTIC PRICES DUMPED IMPORTS DUMPING ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC IMPLICATIONS ECONOMIC RELATIONS ECONOMIC SYSTEMS ENVIRONMENTAL IMPACT EQUITY INFUSION EUROPEAN UNION EXCHANGE RATE EXCHANGE RATE SYSTEM EXCHANGE RATES EXPANSION OF TRADE EXPORT PRICE EXPORT SUBSIDIES EXPORT SUBSIDY EXPORTING COUNTRIES EXPORTING COUNTRY EXPORTS FACTORS OF PRODUCTION FAIR FAIR MARKET VALUE FAIR TRADE FAIR VALUE FINANCIAL CONTRIBUTION FOREIGN BANK FOREIGN BANKS FOREIGN COUNTRIES FOREIGN COUNTRY FOREIGN DIRECT INVESTMENT FOREIGN GOVERNMENT FOREIGN INVESTMENT FOREIGN PURCHASERS FOREIGN TRADE FREE TRADE GDP GLOBAL EXPORT GOVERNANCE INDICATORS GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT SUBSIDIES GRANTING AUTHORITY HOME MARKET HUMAN CAPITAL IMPORT SUBSTITUTION IMPORT SUBSTITUTION SUBSIDIES IMPORTED GOODS IMPORTING COUNTRIES IMPORTING COUNTRY INCOME INCOME GROUP INCOME LEVELS INCOME TAX INDUSTRIAL COUNTRIES INEFFICIENCY INFLATION INPUT PRICES INSURANCE INTEREST RATE INTEREST RATES INTERNAL MARKET INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL LAW INTERNATIONAL TRADE INVESTIGATING AUTHORITIES ITC JOINT VENTURES JUDICIAL REVIEW JURISDICTION LIBERALIZATION LOCAL BANK MARKET DISTORTIONS MARKET ECONOMIES MARKET ECONOMY MARKET ECONOMY COUNTRIES MARKET FAILURES MARKET FORCES MARKET ORIENTATION MARKET PRICES MARKET REFORMS MARKET RISK MARKET SHARE MARKET VALUE MATERIAL INJURY MERCHANDISE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MONOPOLIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NON- MARKET ECONOMY NON-ACTIONABLE SUBSIDIES NON-MARKET ECONOMY OUTPUT POLICY RESEARCH POLITICAL CONSIDERATIONS POLITICAL REASONS POLITICAL STABILITY PREFERENTIAL LOAN PRELIMINARY DETERMINATION PRICE COMPARABILITY PRICE CONTROLS PRICE SUBSIDIES PRICE SUPPORT PRICE TAKERS PRODUCTION COSTS PROHIBITED SUBSIDIES PROHIBITED SUBSIDY PROPERTY LAWS PUBLIC POLICIES QUANTITATIVE RESTRICTIONS RAPID GROWTH REBATE REBATES REGIONAL DEVELOPMENT RURAL INFRASTRUCTURE SALE SALES SAVINGS SETTLEMENT PROCEDURES SOCIAL STABILITY SOCIAL WELFARE STATE ENTERPRISES SUBSIDIZATION SUBSTITUTION SUPPLY CURVE SURROGATE MARKET TAX TAX BREAKS TAX CREDITS TAX LIABILITY TAX RATE TAX RATES TAX TREATMENT TERMINATION OF PROCEEDINGS THIRD MARKET TRADE AGREEMENTS TRADE BARRIERS TRADE DISPUTES TRADE POLICIES TRADE POLICY TRADE RELATIONS TRADE REMEDIES TRADE REMEDY LAWS TRADING SYSTEM TRANSFER OF FUNDS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION ECONOMY TREASURY URUGUAY ROUND WAGE RATES WORLD ECONOMY WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO Zhao, Longyue Wang, Yan Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China
geographic_facet	East Asia and Pacific China
relation	Policy Research Working Paper; No. 4560
description	In 2007, the United States Department of Commerce altered a 23-year old policy of not applying the countervailing duty law to non-market economies, and initiated eight countervailing and antidumping duty investigations on Chinese imports. The change brings heated debate on trade remedy policies and issues of non-market economies. This study focuses on the first countervailing duty case on imported coated free sheet paper from China and analyzes the implications of this test case for United States-China bilateral trade, and industrial policies in transitioning market economies. The paper also provides a brief review of the economics of subsidies, World Trade Organization rules on subsides and countervailing measures, and United States countervailing duty laws applied to non-market economies. While recently acceded countries should review their domestic development policies from the perspective of economic efficiency and comply with the World Trade Organization rules, it is also important to further clarify the issues of non-market economies under the multilateral trading system, and pay keen attention to the rules negotiations in the current World Trade Organization Doha Development Round.
format	Publications & Research :: Policy Research Working Paper
author	Zhao, Longyue Wang, Yan
author_facet	Zhao, Longyue Wang, Yan
author_sort	Zhao, Longyue
title	Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China
title_short	Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China
title_full	Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China
title_fullStr	Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China
title_full_unstemmed	Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China
title_sort	trade remedies and non-market economies : economic implications of the first us countervailing duty case on china
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/03/13896462/trade-remedies-non-market-economies-economic-implications-first-countervailing-duty-case-china http://hdl.handle.net/10986/6319
_version_	1764399863164829696
spelling	okr-10986-63192021-04-23T14:02:30Z Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China Zhao, Longyue Wang, Yan ACTIONABLE SUBSIDIES AD VALOREM ADVERSE EFFECTS ADVERSE IMPACT ADVERSE TRADE EFFECTS AFFIRMATIVE INJURY DETERMINATION AGREEMENT ON SUBSIDIES AGRICULTURE ANTI-DUMPING ACTIONS ANTIDUMPING DUTY ANTIDUMPING LAWS ANTIDUMPING MEASURES APPELLATE BODY APPELLATE BODY REPORT BANK LENDING BANK LOANS BANKRUPTCY BARRIER BARTER BENCHMARK BENCHMARKING BENCHMARKS BILATERAL TRADE CAPACITY BUILDING CENTRAL PLANNING CENTRALLY PLANNED ECONOMIES CENTRALLY PLANNED ECONOMY COMMERCE COMMERCIAL BANK COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPLAINING COUNTRY CONSUMER SURPLUS CONSUMERS CONTRACTING PARTIES COUNTERVAILING DUTIES COUNTERVAILING DUTY INVESTIGATION COUNTERVAILING MEASURES CURRENCY CURRENCY EXCHANGE RATES CUSTOMS DARK AMBER SUBSIDIES DEBT DEBTS DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT POLICIES DIRECT TRANSFER DIRECT TRANSFERS DISPUTE SETTLEMENT DISPUTE SETTLEMENT BODY DISPUTE SETTLEMENT MECHANISM DISPUTE SETTLEMENT PROCEDURES DOMESTIC INDUSTRIES DOMESTIC PRICES DUMPED IMPORTS DUMPING ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC IMPLICATIONS ECONOMIC RELATIONS ECONOMIC SYSTEMS ENVIRONMENTAL IMPACT EQUITY INFUSION EUROPEAN UNION EXCHANGE RATE EXCHANGE RATE SYSTEM EXCHANGE RATES EXPANSION OF TRADE EXPORT PRICE EXPORT SUBSIDIES EXPORT SUBSIDY EXPORTING COUNTRIES EXPORTING COUNTRY EXPORTS FACTORS OF PRODUCTION FAIR FAIR MARKET VALUE FAIR TRADE FAIR VALUE FINANCIAL CONTRIBUTION FOREIGN BANK FOREIGN BANKS FOREIGN COUNTRIES FOREIGN COUNTRY FOREIGN DIRECT INVESTMENT FOREIGN GOVERNMENT FOREIGN INVESTMENT FOREIGN PURCHASERS FOREIGN TRADE FREE TRADE GDP GLOBAL EXPORT GOVERNANCE INDICATORS GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT SUBSIDIES GRANTING AUTHORITY HOME MARKET HUMAN CAPITAL IMPORT SUBSTITUTION IMPORT SUBSTITUTION SUBSIDIES IMPORTED GOODS IMPORTING COUNTRIES IMPORTING COUNTRY INCOME INCOME GROUP INCOME LEVELS INCOME TAX INDUSTRIAL COUNTRIES INEFFICIENCY INFLATION INPUT PRICES INSURANCE INTEREST RATE INTEREST RATES INTERNAL MARKET INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL LAW INTERNATIONAL TRADE INVESTIGATING AUTHORITIES ITC JOINT VENTURES JUDICIAL REVIEW JURISDICTION LIBERALIZATION LOCAL BANK MARKET DISTORTIONS MARKET ECONOMIES MARKET ECONOMY MARKET ECONOMY COUNTRIES MARKET FAILURES MARKET FORCES MARKET ORIENTATION MARKET PRICES MARKET REFORMS MARKET RISK MARKET SHARE MARKET VALUE MATERIAL INJURY MERCHANDISE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MONOPOLIES MONOPOLY NATIONAL ECONOMY NATIONAL INCOME NON- MARKET ECONOMY NON-ACTIONABLE SUBSIDIES NON-MARKET ECONOMY OUTPUT POLICY RESEARCH POLITICAL CONSIDERATIONS POLITICAL REASONS POLITICAL STABILITY PREFERENTIAL LOAN PRELIMINARY DETERMINATION PRICE COMPARABILITY PRICE CONTROLS PRICE SUBSIDIES PRICE SUPPORT PRICE TAKERS PRODUCTION COSTS PROHIBITED SUBSIDIES PROHIBITED SUBSIDY PROPERTY LAWS PUBLIC POLICIES QUANTITATIVE RESTRICTIONS RAPID GROWTH REBATE REBATES REGIONAL DEVELOPMENT RURAL INFRASTRUCTURE SALE SALES SAVINGS SETTLEMENT PROCEDURES SOCIAL STABILITY SOCIAL WELFARE STATE ENTERPRISES SUBSIDIZATION SUBSTITUTION SUPPLY CURVE SURROGATE MARKET TAX TAX BREAKS TAX CREDITS TAX LIABILITY TAX RATE TAX RATES TAX TREATMENT TERMINATION OF PROCEEDINGS THIRD MARKET TRADE AGREEMENTS TRADE BARRIERS TRADE DISPUTES TRADE POLICIES TRADE POLICY TRADE RELATIONS TRADE REMEDIES TRADE REMEDY LAWS TRADING SYSTEM TRANSFER OF FUNDS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION ECONOMY TREASURY URUGUAY ROUND WAGE RATES WORLD ECONOMY WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO In 2007, the United States Department of Commerce altered a 23-year old policy of not applying the countervailing duty law to non-market economies, and initiated eight countervailing and antidumping duty investigations on Chinese imports. The change brings heated debate on trade remedy policies and issues of non-market economies. This study focuses on the first countervailing duty case on imported coated free sheet paper from China and analyzes the implications of this test case for United States-China bilateral trade, and industrial policies in transitioning market economies. The paper also provides a brief review of the economics of subsidies, World Trade Organization rules on subsides and countervailing measures, and United States countervailing duty laws applied to non-market economies. While recently acceded countries should review their domestic development policies from the perspective of economic efficiency and comply with the World Trade Organization rules, it is also important to further clarify the issues of non-market economies under the multilateral trading system, and pay keen attention to the rules negotiations in the current World Trade Organization Doha Development Round. 2012-05-22T19:49:44Z 2012-05-22T19:49:44Z 2008-03 http://documents.worldbank.org/curated/en/2008/03/13896462/trade-remedies-non-market-economies-economic-implications-first-countervailing-duty-case-china http://hdl.handle.net/10986/6319 English Policy Research Working Paper; No. 4560 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific China

Trade Remedies and Non-Market Economies : Economic Implications of the First US Countervailing Duty Case on China

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