Research On The Exchange Anti-dumping System Between The World War ? And World War ?

The exchange dumping is an unfair competition and trade practices,which is known as a common phenomenon between the World War I and the World War II(hereinafter,the two World Wars),and many countries set up regulation about anti-dumping by the domestic legislation.The exchange dumping did not write into GATT and IMF agreement.Because of the relative stability of international monetary system,the exchange dumping has disappeared for a long time after World War II.However,up to this day,the word"exchange dumping" has become a heat topic again.The United States accuses China of engaged in exchange dumping,at the same time,America is also accused by Brazil and Argentina.After the internationalization of RMB,China may face the risk of exchange dumping engaged by other countries,which this problem must be solved.Therefore,this paper analyzes the inappropriateness of exchange dumping and particular theoretic mechanism from anti-dumping legislation between the two World Wars and combine with the legislation between the two world wars.As a result,this article tries to find out that how China deal with the exchange dumping under the background of internationalized of RMB.In the first chapter,this paper will focus on the historical conditions,characters and principle of exchange anti-dumping system,which combines the exchange dumping between the two World Wars and historical background of exchange anti-dumping and the chaotic international monetary system.And then,this paper will general introduce the characteristics of main countries of the domestic exchange anti-dumping system.Finally,from economics and juristic aspect,there are some disadvantages for the international trade and commerce and import country if exchange dumping is not forbidden.Therefore,exchange dumping should be forbid,and it is necessary and properly to legislate exchange antidumping system in law.The second chapter mainly focuses on discussing the regulations that is in most countries after the two World Wars,exploring the components of exchange anti-dumping.There are four components which are undervaluation or depreciation of nominal exchange rate,foreign goods exported at unfair market value because of the undervaluation or underestimation of exchange rate,the injury had been made to the domestic industry by the unfair market value and the casual relationship exists between dumped imports and injury to the domestic industry.The third chapter explores the exchange anti-dumping measures in major countries between the two World Wars,which mainly through the imposition of exchange anti-dumping duties.There are some differences between exchange anti-dumping and general anti-dumping as pricing and calculating and anti-dumping duties.The exchange anti-dumping may involve the real exchange rate which is a complex and sensitive issue.It is difficult for governor to implement regulations.Therefore,this paper draws more attention on pricing and calculation of the exchange anti-dumping duties.Since the mechanism and form of multiple exchange rates is different from the single exchange rate,there are some differences between pricing and calculation of exchange anti-dumping duties under the two circumstances.As a result,the following part will explain exchange anti-dumping duties under multiple exchange rates and single exchange rate.The fourth chapter which involves the implication to China about exchange anti-dumping system between the two World Wars at the background of internationalized of RMB.Firstly,this chapter will analyze the mechanism and form after other countries take inappropriate monetary and commercial behavior since the internationalized of RMB.In addition,the risk of infringement of legitimate trade interests will be discussed.Secondly,when China meet the exchange dumping from other countries,WTO current rules do not include exchange dumping;moreover,there are some limitation IMF system,facing exchange dumping.And WTO and IMF are vague on the exchange dumping jurisdiction.Therefore,it is difficult for China to effectively solve the problem of improper monetary and commercial behavior which comes from other countries' exchange dumping.At the end,there are two possible ways to deal with exchange dumping problem through international and domestic law aspects,which combine with all the characteristics of exchange dumping.