Derk Bienen/Dan Ciuriak/Timothée Picarello, January 2013 (revised November 2013)
While antidumping laws were originally developed as the international trade analogue of domestic market competition or antitrust policies, most vestiges of competition policy measures disappeared early in their evolution. Nonetheless, the formal justification for modern antidumping practice remains founded on the bedrock of countering “unfair” trading practices and preserving competitive markets. Consistent with this formal rationale, antidumping law has been replaced by competition policy mechanisms in some instances, such as in the European Union’s internal market and in a number of bilateral free trade agreements.