ANTI-DUMPING MEASURES EU–ASEAN 249 [Asian Economic Journal 1998, Vol. 12 No. 3] 249 [Asian Economic Journal 2005, Vol. 19 No. 3] 249 EU Anti-dumping Measures against ASEAN Countries: Impact on Trade Flows* Ludo Cuyvers University of Antwerp Michel Dumont University of Antwerp In the present paper, anti-dumping (AD) duties levied by the European Commission against products from ASEAN countries in the period 1991–2001 have been considered. The ASEAN countries were among the countries most targeted by AD measures imposed by the EU in the 1990s. A panel regression has been applied to estimate the impact of AD duties on trade in some 12 products that have been subject to AD duties targeting ASEAN countries in the period considered. A significant negative impact of AD duties is found, on both the value and the quantity of imports from ASEAN countries. Our estimation provides some (although not overwhelming) indications of trade diversion in favor of EU countries, but no evidence of trade diversion in favor of non-targeted non-EU countries. Keywords: anti-dumping measures, EU–ASEAN, trade effects. JEL classification codes: F13, F42. I. Introduction As import tariffs were gradually phased out after successive GATT rounds, governments all over the world increasingly started to impose non-tariff bar- riers to protect domestic industries from international trade competition. Anti- dumping (AD) measures nowadays are among the most customary non-tariff barriers. With dumping defined as imports of a product at an export price below its ‘normal value’, AD measures are, in principle, supposed to protect countries from * An earlier version of the present paper was presented at the 9th International Convention of the East Asian Economic Association, Hong Kong, 13–14 November 2004. We are grateful to Brecht Castelein for research assistance and to Marcus Noland, William E. James, other participants of the Convention, Hiro Lee and two anonymous referees for helpful comments and suggestions. The authors are solely responsible for any remaining errors.