§ Mr. Nicholas Wintertonasked the Secretary of State for Trade what are his Department's criteria for deciding whether the United Kingdom is suffering from the dumping of cotton shirts from the People's Republic of China.
§ Mr. MeacherIn the case of market economy countries imported goods are normally regarded as dumped if the export price from the country of origin is less than the price at which the goods are being sold on the home market. This latter is known as the "fair market price". Where, as in the case of the People's Republic of China, the system of trading in the country of origin is such that a fair market price cannot be determined in this way, the standard of comparison is the price obtained for goods of the appropriate description exported to the United Kingdom from a third country, with adjustments to ensure comparability. If the goods, allegedly dumped, are found on investigation to have been exported to this country below the fair market price and to have caused material injury to the applicant industry, action would be taken to correct the situation.