Abusive international comparison of prices
Protectionist comparison of commodity prices
Double standards in evaluation of goods prices
With the disappearance of traditional barriers to trade, industrialized countries have increasingly resorted to anti-dumping procedures to artificially increase the price of cheap imports, notably from developing and low-wage countries. Phoney price comparisons are regularly made to justify protection of inefficient domestic industries. Little account is taken of rapidly moving exchange rates or the effects of recession. The hypocritical application of such double standards penalizes foreign suppliers for behaviour that is considered totally acceptable by domestic producers.
Such procedures are systematically employed by the EEC/EU, Canada, the USA, and increasingly Japan.