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Antidumping Duty
(redirected from Antidumping duties)

   Also found in: Wikipedia 0.01 sec.
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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While having optimism on the positive developments in the bilateral relations between Vietnam and Cyprus, I am deeply concerned that Vietnamese footwear industry, an important industry that employs half a million workers, mostly female, has undergone the double hardship of antidumping duties and the recent removal from the 2009-2011 GSP scheme.
In 2005, the Commerce Department slapped antidumping duties on imports from a number of countries.
That case went on to become the first dispute over antidumping duties heard by the new World Trade Organization.
 
 
 
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