The Antidumping Act and the Future of East-West Trade

Because of the peculiarities of price formation in Communist countries, both with regard to export commodities and those intended for domestic consumption, the applicability of traditional antidumping concepts to communist price discrimination, and the usefulness of the Antidumping Act of 1921 in coping with it, are questions which should be examined and resolved before moves toward freer trade between East and West reach full stride. The essence of the problem was captured in a 1963 statement by the then Senator Humphrey: “The present act is ineffective in preventing dumping from communist countries, which can control their home prices by state fiat.”

It is the purpose of this study to illustrate and explore various aspects of the problem and to offer alternative methods of dealing with it.