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International Trade Law

Singapore Management University

1998

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The New Singapore Law On Antidumping And Countervailing Duties, Locknie Hsu Jan 1998

The New Singapore Law On Antidumping And Countervailing Duties, Locknie Hsu

Research Collection Yong Pung How School Of Law

The Countervailing and Anti-dumping Duties Act 1996 ("the Act") came into effect on 1 November 1996.1 This legislation was enacted to bring Singapore's law in relation to countervailing duties, subsidies and antidumping into conformity with requirements of the World Trade Organization (WTO) Agreements It also updates the law by repealing the outmoded Customs (Subsidies and Anti-dumping) Act. The new rules and procedures in the Act are meant to "give added assurance and certainty to the local and foreign parties concerned whenever an action is instituted."In addition to the Act, detailed regulations have also been passed. The Act follows the basic …