Trade Remedies Of WTO And Strategic Trade Policy

Strategic Trade Policy takes tariff, subsidy and quantity restraint measures to support domestic enterprises in order to strengthen their competitive advantages and enlarge the market share. Anti-dumping and countervailing measures are applied to compensate for the injury that comes from unfair trade. Safeguard measures are applied if the quantity of an import product increases fiercely so as to cause or threaten to cause serious injury to the domestic industry. Disciplines of applying trade remedies are strict in WTO, but at present some counties take the trade remedies as the instruments of strategic trade policy to support the domestic industry and enlarge the market share of domestic enterprises. This paper analyzed the effect that the disciplines according to the trade remedies of WTO have on the normal instruments of strategic trade policy such as tariffs, subsidies and measures our country will take.