17 Oct 2017
CAMBODIA: Anti-Dumping Legislation Paves Way for Official Punitive Measures against Transgressing Companies
New anti-dumping legislation has been approved by Cambodia’s National Assembly in a bid to help domestic manufacturers compete with growing levels of imported goods, many of which are reported to be selling at levels below their domestic cost base. Billed as the Law on Trade Remedies, the legislation comprises six chapters and 45 articles, outlining provisions for the imposition of anti-dumping duties (ADD) on transgressing companies.
While the new law forms part of a government bid to implement a regulatory framework for all future imposition of ADD, any such forthcoming punitive action is expected to be implemented on a case by case basis and in conformity with the protocol of Cambodia’s accession to the World Trade Organization (WTO).