The Law of Trade Remedies in International Trade.
The Law of Trade Remedies in International Trade issued by virtue of the Ministerial Council Decision (No.60) on 29/04/1444 H, corresponding to 23/11/2022 G, (referred to thereafter "the Law"), and the Executive Regulation of the Law issued by the GAFT Board of Directors Decision (No.55) of on 09/08/1444 H, corresponding to 01/03/2023 G, (referred to thereafter “the regulation"). (link to the law and regulation)
The Law aims to protect the domestic industry in the Kingdom from injury caused by dumped and subsidized imports, and to safeguard from increase in imports, and to defend the Kingdom's exports subject to trade remedies proceedings.
The Law enables GAFT (the Authority) to conduct trade remedies investigations and reviews and take decisions to impose, amend, and terminate trade remedies measures pursuant to the findings of the investigations. The measures shall be imposed on the customs borders of the Kingdom against the imports subject to the measures. The Law defines the concerned executive entities, types of measures, and provides/regulates provisions on anti-circumvention, imposition and collection of the measures, public interest, and confidentiality treatment of information. The Law provides provisions on the competent court and grievances and appeals against the decisions of imposition of measures, and specified special provisions to avoid conflicts in application between the Law and the GCC Common Law.
The regulation regulates all provisions related to the requirements for accepting complaints, requests and initiating investigations and reviews. The regulation defines all provisions related to the calculations of dumping, subsidy and injury, and provisions related to the rights and obligations of the concerned parties and public interest persons in investigations and reviews.