Political-Economy of Safeguards and Antidumping in Argentina
41 Pages Posted: 15 Jun 2005
Date Written: May 2005
Starting in the late 80s, Argentina implemented a series of reforms that were revolutionary in speed and scope, including trade liberalization. After implementation of these policies, a record number of antidumping (AD) petitions came forward. Under a situation of high inflation, the government reinforced its fiscal and monetary policies by announcing that it would minimize the use of such measures. The flexible disciplines of the existing domestic AD regulations faciliated this objective.
Later, when the GATT/WTO-sanctioned trade remedies were implemented, the Government made a serious attempt to establish discipline by including liberal regulations, and creating special institutional arrangements. A presumption built into construction of the new mechanisms was that adhering to WTO requirements would strengthen the resistance against protection. This presumption turned out to be false. Changing circumstances including severe peso overvaluation, had significant impacts on the number and outcome of AD investigations.
Keywords: Antidumping, Safeguards, Argentina, WTO rules, Mercosur, Trade Liberalization
JEL Classification: F13, F14, F15
Suggested Citation: Suggested Citation