Abstract

Globalization and the increased global competition it has brought in its wake make up this caselet. The measures taken by WTO member-countries to protect their domestic industries from global competition forms part of the caselet, which also focuses on the legitimization of anti-dumping duties and excessive protectionism. It points to the growing number of anti-dumping cases and its impact on the global economy.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Effects of globalization and liberalization on various economies
• Excessive protectionism adopted by WTO member countries to fight globalization
• The efficacy of anti-dumping duties as a tool to protect domestic industries
• Growing number of anti-dumping cases across the world
• and Different interpretations of the anti-dumping agreement

Keywords

Crude oil, petro-products, New exploration and licensing policy (NELP), Cairn Energy PLC, Declaration of Commerciality, Thar desert, Field Development Plan, Oil and Natural Gas Corporation (ONGC), Petroleum Ministry, production tax (cess), Law Ministry, Production Sharing Contract (PSC)