Antidumping/Countervailing Duty System

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Antidumping/Countervailing Duty System

In international commerce, a system that places tariffs on imports that are unusually low-priced. Under an antidumping/countervailing duty system, the importing country places an antidumping duty on products sent from countries where the good is much less expensive than domestically produced goods of the same type. The system also imposes a countervailing duty on products subsidized by the government of the exporting country. This system is used in Australia.
References in periodicals archive ?
antidumping act of 1916 may nullify the global antidumping system for lack of consistency with WTO rules.
antidumping system have become increasingly arbitrary and tilted toward protecting domestic producers, whatever the cost to industrial users of imported products or to final consumers.
In antidumping, the Uruguay Round agreement generally moves world antidumping systems closer to U.