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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.


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As you may know, while major European member countries the protested continuation of antidumping duty, the European Commission is currently conducting an expiry review which is expected to conclude in the coming days.
So they changed the calculation for for shrimp imports from Brazil, China, Ecuador, India, Thailand and Vietnam, and raised the required bond to 100% or more of the expected antidumping duty amounts.
55% Sources: China & India Antidumping Duty Orders, 69FR77987 & 69FR77988, December 29, 2004 & India Countervailing Duty Order, 69FR7795, December 29, 2004.
 
 
 
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