ry to specialize in a different area to better achieve their own comparative advantage in the globalized marketplace.
The World Trade Organization neither encourages nor discourages dumping. Rather it only takes action against anti-dumping. The WTO follows the rules of GATT as they read. The Anti Dumping Legislation in GATT reads as such:
Article VI of the GATT provides for the right of contracting parties to apply anti-dumping measures, i.e. measures against imports of a product at an export price below its "normal value" (usually the price of the product in the domestic market of the exporting country) if such dumped imports cause injury to a domestic industry in the territory of the importing contracting party. More detailed rules governing the application of such measures are currently provided in an Anti-Dumping Agreement concluded at the end of the Tokyo Round. Negotiations in the Uruguay Round have resulted in revision of this Agreement, which addresses many areas in which the current Agreement lacks precisi
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