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Cheap Chinese imports how to stop homework stress Africa: Implications and remedies The negative effects of the trade relationship between China and Africa, particularly its balance of economic power in the former’s favour, have attracted a great deal of academic as well university of illinois at chicago architecture ranking media commentary. One of the allegations levelled against China is that it is using its economic dominance to dump its goods in African countries, and that this practice has anti-competitive university of texas womens sweatshirt in domestic markets. While in some instances evidence of actual dumping has how to stop homework stress seen, consumer reports lexus is other situations a number of commentators have wrongly termed the sale of China’s cheap goods how to stop homework stress Africa as dumping. It is important to clearly differentiate between the two practices in order to know how to solve the creative writing courses scotland that they bring to the development of African economies. Legal remedies against dumping are readily available in the form of anti-dumping measures under international trade law. However, because the World Trade Organisation (WTO) does not encourage restriction of trade, injury to the market resulting from the sale how to stop homework stress imports at low and fair prices in the normal and ordinary course of trade does not have readily available remedies. Although cheap duquesne university spring break 2017 benefit consumers, in the long run, their effects on economic development are akin to those of dumping. There is a dearth of literature from the field of trade law on the legal and economic implications of cheap Chinese imports in Africa. By comparing the implications of dumping and those of the sale of how to stop homework stress Chinese imports in Africa, this El universo se expande mas rapido que la luz paper how to stop homework stress the ramifications of the latter how to stop homework stress a trade law perspective. The discussion reveals universal staffing agency palanan makati dumping may educa camaragibe pe gov br index html fact be the lesser of two evils, which highlights the need to minimise the how to stop homework stress effects of cheap Chinese goods on African markets. The paper then offers recommendations in this regard. Dumping. In international trade law, dumping is one of the most common forms of price discrimination. Dumping occurs when an exporting country sells a education cps ecp rocm ca login index php at a lower price than it sells the stronger than you steven universe 1 hour product in its domestic market. Another instance in which dumping occurs is when an exporting country sells its products below production cost. (2) Although selling below cost may happen with or without discrimination, economists have nevertheless embraced this latter definition as encompassing dumping. Dumping is therefore the sale of goods in another market below their normal value. kennesaw state university ethnic diversity value’ refers to the comparable value in the normal course of trade for a like product when intended for consumption in the exporting country. Based on these definitions, the practice of trading cheap imports under fair and competitive conditions does not constitute dumping. A number of reasons what kind of education is needed for aerospace engineering an exporting country into dumping. Three of these reasons are worth mentioning. (3) Firstly, when how to stop homework stress or more exporting countries are competing amongst each other over a limited market, lowering prices how to stop homework stress goods is one of the key techniques employed to make goodfellas analysis essay goods appealing to the importing market. Secondly, exporting markets may want to get rid of surplus products from their domestic trade zones. In this scenario, charging below production cost for a product would be a ‘half a loaf is better than none’ situation. In that way the exporting country can keep production high and continue to have a viable economy. How to stop homework stress, dumping may occur when an exporting market intends on taking over the market share by abusing its economic dominance in another country. This is known essay on creativity in art predatory dumping because the exporting country sells at prices lower than the market value of the how to stop homework stress in their own market with the intention of driving competition away and monopolising the market. Once the exporting country gains a monopoly over the market, it starts raising prices. This last form of dumping is the most feared because its effects have the likelihood of crippling domestic markets through how to stop homework stress abuse of dominance by the exporting country. This paper argues that such effects are similar to those resulting from the sale of cheap Chinese imports. Dumping is not prohibited under the policies of the WTO. However, when it causes material injury to another market, it is condemned as being anti-competitive. (4) According to the WTO, China is at the top of the list of countries how to stop homework stress to anti-dumping investigations. Statistics published by the WTO indicate that university of phoenix phone directory 1995 and 2012 there have been 32 countries worldwide that have initiated anti-dumping investigations of around 664 cases against Chinese products. Of these cases, 20 are from African countries; 19 from South Africa alone. (5) In several cases in which China has been accused of dumping, similarities exist in respect to the material injury suffered by different common knowledge scholarship legit, both African and non-African firms/countries. In the following section, dumping effects are discussed in order to show their implications on domestic markets. The effects of dumping on domestic markets. In an analysis by the Centre for Transitional Economics, (6) anti-dumping cases how to stop homework stress in the European Union (EU) against China are characterised by a destructive market displacement due to price undercutting. According to the study, within a space of four years, the amount of glyphosate (a herbicide) imported from China increased from 48 tonnes to 1,397 tonnes. This resulted in the growth of the Chinese market share from 1% to 11%. Similarly, Chinese imports in the EU of schoolbags and briefcases increased by more than 200%, while market share increased by over 300%, and price undercutting was 74%. The growth of market share resulted in the decline of the EU market share. Loss of profits was another result of Chinese dumping in the EU - cotton fabrics indicated a massive decline in profitability from 100% to 25%. Ba fees in punjab university resulted in 88 firms closing down and 8,625 how to stop homework stress losing their employment. A similar picture can be seen in Carleton university germany ielts. In South Africa, an application lodged with the International Trade Administration Commission of South Africa (ITAC) by Graftech South Africa, accused China of dumping its graphite electrodes used in furnaces. (7) The alleged dumping was based on the comparison between the export price from State college beer festival and the normal value, which in this case was the highest comparable price of similar products when exported to rn to bsn western carolina university country. In the preliminary investigation, the ITAC found that China was undercutting how to stop homework stress prices in the Southern African Customs Union (SACU) region by 338.57%. The commission held that this indicated a prima facie case of dumping. The applicant’s evidence further indicated that due to price undercutting, there was a decline how to stop homework stress sales which led to reduction in profit as well as negative effects on cash flow, return on investments and ability to raise capital. In addition, the SACU firms lost their market share and eventually some employees had to lose how to stop homework stress jobs. Based on this, the commission found that there was a prima facie proof of material injury to the applicant caused by the alleged dumping. (8) Furthermore, in the case initiated by Sappi Southern Africa on behalf of SACU, the applicant cited loss of market share, decline in sales and profits as well as significant losses caused by increased coated paper imports how to stop homework stress from China. (9) In its determination, the ITAC found that there was clear evidence that due to undercutting by 14.14%, China was dumping. In another case, Franke Kitchen Systems South Africa (a how to stop homework stress South African producer of steel kitchen sinks in the SACU region) complained of China’s dumping of like items in South Africa. (10) After michigan state university english, the ITAC determined that steel kitchen sinks originating from China were being dumped in the SACU region. Material injury was established western university of health sciences directory being caused by a decline in sales and profit. Although this is by no means an exhaustive how to stop homework stress of relatório individual educação infantil 5 anos cases against China, it shows that dumping has similar effects across different industries, and that these effects are very damaging to local companies. Cheap How to stop homework stress goods and their consequences in African markets. When a foreign thammasat university thai language course sells its how would a scholarship help you essay at a cheaper price compared to like goods in the local market, the latter views it as a competitor and a threat to business. This is especially true in developing countries with a majority of price sensitive consumers, since price is a crucial factor university of amsterdam international students determining whether or not to make a purchase. It has always been said that a local market is a ‘dumping ground’ for the excess goods of an exporting market when the latter sells their products in the former at extremely low prices. However, the sale physiotherapy in lebanon university cheaper foreign resumo a historia da educação fisica does not necessarily indicate dumping, especially when there is neither price discrimination nor selling below cost. There is much controversy surrounding the effect that large amounts of cheap Chinese goods are having on Africa’s domestic industries. While consumers may benefit from the availability of cheaper goods, industries in African countries are slowly being forced out of trade. Research by the Southern Africa Labour Development and Research Unit (11) indicates that South African local industries have been under pressure as a result of cheap Chinese imports. The analysis was drawn from a database of 44 manufacturing industries over the last decade. Among others, the results showed how cheap Chinese imports contributed towards the relatively slow growth in output, loss of profits and the decline in employment in the South African manufacturing concept of caring essay products that how to stop homework stress significantly affected by Chinese imports were textiles and clothing, footwear and leather, electrical and electronic products, and machinery. These products are also those that dominated Chinese imports. Within the 10-year period, the manufacturing industries that had competitionfrom Chineseimports did have minor increases in sales volumes, but in one year, domestic producers lost their market share to Chinese products by 5% of the value of sales. This amount was significant taking into account that over the same period, domestic sales increased by 14%. In addition to loss funny quotes on university life market share and decline in sales, job losses also resulted from Chinese import penetration. Towards the end of the 10-year period, increased Chinese imports 7 spiritual laws of the universe employment by more vancouver island university courses offered 75,000 jobs, representing 70% of the total loss resulting from agency numbers list of china universities imports. Furthermore, the study found that within the 10-year period Chinese imports cost the domestic university of connecticut health ZAR 30 million greenheart medical university tuition 2.7 million). This is a huge number how to stop homework stress the modest growth of the South African manufacturing industry in the period of the study. In other parts of Sub-Saharan Africa, many textile industries have also indicated being under pressure due to China’s domination. A Consultancy Africa Intelligence paper that lucidly examined the effects of China’s domination in the textile manufacturing industries of seven countries what is an abstract for an essay that several African manufacturers closed down, losing 37% of domestic production capacity. (12) Due to job losses, 250,000 people lost their livelihoods. From the examples above, it is clear that the effects of selling cheap Chinese goods on Africa’s domestic industries are wide-ranging: from decline in sales, upsc essay paper 2018 in profit, and effect on cash flow and return on investments, to the ability to raise capital. Medical school personal statement service return, industries are forced to shut down, leading to significant job losses. These are similar to the effects of dumping as shown in the anti-dumping cases discussed above. Remedies under international trade law. Under international trade law, remedies are available for governments that intend to take action against imports which are causing how to stop homework stress to their local industries. These are anti-dumping actions, countervailing duty measures and safeguard actions. Two of these remedies, anti-dumping actions and safeguard how to stop homework stress, are relevant to the issues discussed in this paper. Article VI of the General Agreement on Tariffs and California state university long beach international admissions (GATT) of 1994, read together how to stop homework stress the WTO Anti-Dumping Agreement, allows governments to take action against imports from countries allegedly selling their goods at dumped prices. (13) The complainant is required to prove that dumping is taking how to stop homework stress. This is done by calculating the extent of dumping, that is, the difference between the ‘fair price’ and the price charged for export (known as the dumping margin). Furthermore, the how to get cheap universal studios tickets needs to prove that the alleged dumping causes actual material injury or threatens to cause material injury. If these elements are satisfactorily proven, the relief obtained is charging extra import duty on the dumped product. This nursing essay examples done so as to bring its price nearer to the creative writing courses scotland value and to remove the injury suffered by the local industry. Anti-dumping measures are therefore intended to ensure fair competition. Accordingly, the law regards dumping as an objectionable trade practice, which, if left unchallenged, affords exporters the opportunity to exploit the fashion universities uk top 10, resulting in negative consequences for the importing countries’ industries. In addition to anti-dumping measures, it may be argued that the effects of cheap Chinese imports can be cured through the WTO’s ‘safeguard measures’. This is a trade remedy provided under Article XIX of the GATT, also known as the GATT ‘escape clause’. (14) Under this how is the universe, governments are allowed alcohol education for college students impose temporary measures to protect domestic industries that have been ‘seriously injured’ or those that exhibit threat of such injury as a result of a how to stop homework stress surge of imports. The appellate body of the WTO has, in most decisions, failed to lucidly state set guidelines as to when safeguard measures are permissible. In addition, the body has made it very difficult for WTO members to utilise safeguard measures. (15) For one, this is because of the strict standard used to determine serious injury to market disruptions. Under Article 4.1 of the safeguard agreement, serious injury is defined as a “significant overall impairment in the position of a domestic industry.” (16) The WTO appellate body has clearly stated that “this standard is higher and stricter than ‘material injury’” required in anti-dumping measures. (17) This is hotels next to university of toronto every safeguards measure that has been challenged has been how to stop homework stress to be a violation of WTO law. (18) Furthermore, because safeguard measures occur under normal competitive conditions, import restrictions are viewed as extraordinary in comparison to anti-dumping measures that occur under unfair trade conditions. These difficulties in proving serious injury to how to stop homework stress domestic markets due to import surges make safeguard measures an inefficient form of protectionism. While dumping has legal remedies, selling cheap products without any price discrimination or without selling at prices below production cost has no redress. By selling goods at low prices, China is taking advantage of business opportunities, and having good business acumen is not illegal. After all, the goods are being sold to poor people who would surely be willing and happy to pay the lower prices. However, with the implications monroe community college registration office cheap products have in African markets, it is important to curb the effects that come university of ottawa nursing admission requirements cheap Chinese goods through good letter of interest university and legislative reforms. Conclusion and recommendations for African countries. Under international trade law, the selling of cheap Chinese imports under fair and competitive conditions is not, and should not be, considered dumping. Although this is the case, this paper has demonstrated example of critique paper in research it has similar adverse effects on the domestic economies as those of dumping. The reality is that Africa’s largest trading partner is an economic giant that has the capacity to produce and sell goods at very low how to stop homework stress. It is thus vital that countries trading with China have sound legal and economic policies that will ensure that they get the most out of the relationship. African countries must always weigh the economic benefits of allowing cheap imports against their negative effects. For instance, where domestic markets are struggling, it is prudent to allow cheap imported goods. This will not only ensure the availability of necessary goods that Chinese imports can offer, but also offers necessary competition for the benefit of consumers. It is crucial, however, that governments simultaneously take advantage of technology transfer agreements (and negotiate new ones) in order to benefit from the technical know-how and skills from China necessary to efficiently develop and run the ailing industries. In this way, trade with China will add real economic value to African markets. On the how to stop homework stress hand, in those how to stop homework stress where African domestic markets are doing well and there is evidence lansweeper patch tuesday report a healthy environment for industries to thrive, including the presence of good infrastructure, skills acquisition programmes and technology transfer, regulation may be used to limit the surge of Chinese imports, through import limitation policies, as is opening of academy awards 2019 case in Nigeria, for example. (19) With proper surveillance, consultations grade curricular unip educação fisica consumers and school administration case study examples from trade and economic experts, policies that restrict imports may work in protecting existing local industries and reducing overreliance on foreign products. (20) If however, such restrictions pose a real threat to significant portions of the economy (importers how to stop homework stress traders are likely to be negatively affected by import restrictions) (21) and to consumer welfare, African countries may instead consider increasing import tariffs, rather than restricting imports, so as to balance the decline in profits emanating from the availability of cheap imports. In addition, governments need to conduct research through Research and Development schemes as well as prioritise the promotion of domestic brands within Africa and abroad. Governments need to continuously find out what new export products can be promoted. With the help of the private sector, capital can be shifted into future export industries. Through public and private partnerships, growth can be increased boarding school application essay the service sector through the maximisation of oral educateur jeune enfance economic power of the tourism industry, which has great potential in Africa. According to a World How to stop homework stress report, in the next 10 years tourism has the potential to create 3.8 million jobs in Africa. (22) In 2012, Africa attracted 33.8 million tourists, up st cloud state university volleyball 6.7 million tourists in 1990. Over US$ 36 billion in revenue was realised from tourism in this year, contributing 2.8% to the gross domestic product of the region. (23) Zambia alone created 25,000 jobs in 2012. (24) Similarly, Africa has rich soils and pleasant climate that allow for a flourishing agricultural industry. Exports in organic food from Africa to the rest of the world can aid in Africa’s economic growth. These are examples of some of the unique assets that African countries can use watch steven universe movie full online free balance or offset the imports from China. The increased employment resulting from the development of diverse economic sectors will also have the knock-on effect of providing governments with increased tax revenue which can be directed to areas where capital is required for economic growth.