Overseas Trade: Economic Situation

(asked on 18th May 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, which countries are deemed by her Department as operating under non-market economy conditions.


Answered by
Ranil Jayawardena Portrait
Ranil Jayawardena
This question was answered on 2nd June 2020

In line with WTO rules, the United Kingdom’s trade remedies framework allows the application of non-market economy treatment for countries:

a) That are not members of the WTO;

b) That are members of the WTO, but where the terms of their membership contain specific provisions regarding the determination of the normal value; or

c) Where there is a complete or substantially complete monopoly of its trade, and where all or substantially all domestic prices are fixed by the government.

Reticulating Splines