Page:United States Statutes at Large Volume 62 Part 3.djvu/1061

 3682 51Stat., Pt. 5, p. A20. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. this article, can have effects prejudicial to the interests of contracting parties supplying imported products. Accordingly, contracting parties applying such measures shall take account of the interests of export- ing contracting parties with a view to avoiding to the fullest prac- ticable extent such prejudicial effects. "10. The provisions of this article shall not prevent any contracting party from establishing or maintaining internal quantitative regula- tions relating to exposed cinematograph films and meeting the require- ments of article IV." B 61 stat., Pt. 5, p. A23. The text of article VI shall read: "ARTICLE VI "Anti-dumping and CountervailingDuties Post,p.3690. "1. The contracting parties recognize that dumping, by which products of one country are introduced into the commerce of another country at less than the normal value of the products, is to be con- demned if it causes or threatens material injury to an established indus- try in the territory of a contracting party or materially retards the establishment of a domestic industry. For the purposes of this article, a product is to be considered as being introduced into the commerce of an importing country at less than its normal value, if the price of the product exported from one country to another "(a) Is less than the comparable price, in the ordinary course of trade, for the like product when destined for consumption in the exporting country, or, "(b) In the absence of such domestic price, is less than either "(i) The highest comparable price for the like product for export to any third country in the ordinary course of trade, or "(ii) The cost of production of the product in the country of origin plus a reasonable addition for selling cost and profit. "Due allowance shall be made in each case for differences in condi- tions and terms of sale, for differences in taxation, and for other differences affecting price comparability. "2. In order to offset or prevent dumping, a contracting party may levy on any dumped product an anti-dumping duty not greater in amount than the margin of dumping in respect of such product. For the purposes of this article, the margin of dumping is the price differ- ence determined in accordance with the provisions of paragraph 1. "3. No countervailing duty shall be levied on any product of the territory of any contracting party imported into the territory of another contracting party in excess of an amount equal to the esti- mated bounty or subsidy determined to have been granted, directly or indirectly, on the manufacture, production or export of such product in the country of origin or exportation, including any special subsidy to the transportation of a particular product. The term "counter- Post, p . 3690. Post, p . 3690.

�