(Raghavan) However, it is hard to say if this has ever been carried out. India feels that more specific rules should be made for developing nations: "Article 5.8 of the [WTO] AD agreement provides that the volume of "dumped" imports shall be normally regarded as negligible if the dumped imports from a country are less than 3%, unless countries individually accounting for less than 3% collectively account for more than 7%. In view of the liberalization of global trade, and of more and more developing countries entering untapped markets for them, these percentages should be increased to 7% and 15% respectively."( Raghavan). For third world exporters, they have many handicaps when it comes to fighting anti-dumping cases. One, there is utter paucity of exact information on anti-dumping laws, procedures as per WTO and as practiced by various countries. Two, there are very few legal experts and advisors in this field who have mastered not only the most complicated laws but even the procedures, and also have understood the various complicated technical aspects of WTO and the anti-dumping laws, international trade. Antidumping measures hit small and medium size firms very hard, because they often don't have the resources to defend themselves. It is also too expense for firms to pay the astronomical sum of money needed to defend one's company in the complicated antidumping investigations.-estimated by the Indians to be around 100,000 dollars per investigation. One US legal form was 400 pages long. (Sule). The recent trade round in Seattle has done little to change any antidumping laws. No amount of arm-twisting could get the US to agree to negotiate the WTO's antidumping laws. With the substantial political pressure from those in the steel industry and other labor unions, 228 U.S. members of the House and Senate have signed a document insisting that Clinton and U.S. Trade Representative Charlene Barshefsky defend existing anti-dumping laws at th...
