How does the WTO Anti-dumping Agreement solve the problem of price comparison between the “normal value” and the export price during periods of considerable currency fluctuation?
When the comparison between normal value and export price requires a conversion of currencies, such conversion should be made using the rate of exchange on the date of sale (date of the sales contract), with the following exception: When a sale of foreign currency on forward markets is directly linked with the export sale involved, the rate of exchange in the forward sale is used. Fluctuations in exchange rates are ignored and the investigating authorities must allow exporters at least 60 days adjust their export prices to reflect sustained movements in exchange rates during the period of investigation.
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