Less Than Fair Value

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Less Than Fair Value

The deliberate sale of an export so that the export is significantly less expensive than a domestically produced good. A less than fair value sale is not simply less expensive, it is determined to be anti-competitive. Importing countries attempt to counteract less than fair value sales by setting up tariff barriers or countervailing duties. See also: Dumping.
References in periodicals archive ?
69) There is an undeniable tension between this view and the plain language of the antidumping statute, which directs the Commission to examine the actual impact of subject imports on the domestic industry to determine whether an industry in the United States is materially injured by reason of LTFV imports, rather than focusing on the potential impact of nonsubject imports on the industry if subject imports had been absent from the market.
amp; *23 ("Given the large volume of fairly traded imports from Russia, and the ease with which these fairly traded imports could be substituted for LTFV imports, I conclude that [petitioner's] decision to close the plant should not be attributed, to any significant degree, to the LTFV imports.
19) The ITC disagreed, arguing that the CIT was correct in finding that the Commission was precluded from considering the effect of other LTFV imports.
to directly address whether [other LTFV imports and/or fairly traded imports] would have replaced [Trinidad and Tobago's] imports without any beneficial effect on domestic products.