About the Fair Trading Unit
The World Trade Organisation (WTO) of which Trinidad & Tobago is a member, acknowledges that governments, in pursuing trade liberalisation policies such as lowering tariffs and non –tariff barriers, may still find it necessary to provide protection in industries from incidents of unfair trade practices.
These unfair trade practices may take the form of under-pricing of goods, subsidisation, or sudden increases in volume of goods exported to the particular country.
To avoid such incidences, a number of safeguard measures have been introduced, including the strengthening of Anti-Dumping Legislation.
The Fair Trading Unit formally the Anti-Dumping Unit (ADU) was established in the Ministry of Trade and Industry on January 1st, 1996, to administer and enforce this legislation in particular:
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Act No. 11 of 1992 — the Anti-Dumping and Countervailing Duties Act |
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Act No. 23 of 1995 — an Act to amend the Anti-Dumping and
Countervailing Act of 1992 |
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Anti-Dumping and Countervailing Duties Regulations — 1996 |
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Anti-Dumping and Countervailing Duties (Subsidies) Regulations —1996 |