to the confusion, many cases brought to the WTO panels have not been settled yet. There are many complaints about antidumping procedures. Between January 1994 and July 1995, 238 antidumping measures were enforced by 19 WTO member states(Schott, 221). Most of the countries that enforced these measures were industrialized countries such as the U.S., Australia and members of the E.U.
             Under the WTO Antidumping Agreement, dumping is generally defined as selling a product in an export market at a lower price than the product is sold in the exporter's home country. Dumping can be associated with firms or countries selling goods at less than the marginal cost of production. This action is often called predatory pricing. By keeping their export prices so low, the dumping company can drive its competition out of business so after a time it can gain significant market share, if not outright monopoly. A company is able to do this because in the long run it only has to cover its average variable cost, once it covers its initial fixed costs are covered.
             Antidumping is the practice of governments where they place tariffs, quotas or duties on imported goods that they believe are being dumped in the domestic economy.
             Technological goods and components, as well as agricultural items are two of the main industries where dumping seems to be most numerous. Consumers are the benefitients of dumping in the short run, the low costs will be appealing to them, and they will buy from the foreign supplier. But as the domestic competitive industries are put out of business, it becomes possible for the foreign firm to increase prices to an appropriate level to maximize profits. Thus, Antidumping can be a necessary measure for countries to enforce in certain cases. On the other hand, if a foreign country dumps products into a market because they have comparative advantage in this particular industry, it might be beneficial to the importing count...