The United States Launched an Investigation of the Non-Marketability of the Russian Economy
According to the department, the applicant provided intelligible evidence to “examine the question of whether Russia should continue to be viewed as a country with a market economy for the purposes of the anti-dumping duty law”. The United States refers to six mandatory criteria that a market economy country must quadrate. Among them are the degree of convertibility of the currency of a foreign state into the currency of other countries, as well as the degree to which wage rates in a foreign country are determined through free negotiations between workers and management, the degree of state ownership or control over the means of production.
The status of a market economy is important for exporters as it makes it much more difficult to impose anti-dumping duties against them.
The European Union and the United States officially recognized Russia as a market economy in 2002. This status allows Russian firms to challenge the imposition of the US anti-dumping measures.