Antidumping Duty

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Antidumping Duty

In international commerce, a tariff placed on an import that is unusually low-priced. Dumping is the act of exporting a good to a foreign country to capitalize on the price difference. Dumping can result in a handsome profit for the exporter, but it can also damage the importing country's local economy. Thus, many countries attempt to counteract the practice by implementing anti-dumping duties.
References in periodicals archive ?
But the new documents forced Tokyo to take more time in examining evidence to allow it to invoke an antidumping clause under World Trade Organization rules, they said.
agree to negotiations aimed at clarifying and improving disciplines on implementation of antidumping clause.