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Less Than Fair Value

   Also found in: Acronyms 0.01 sec.
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.


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industry is materially injured or threatened'' by imports of seamless refined copper pipes and tubes from China and Mexico that are allegedly sold in the United States at less than fair value.
Last September, Appleton filed a complaint against lightweight thermal paper imports from China, Germany and South Korea, claiming the paper was sold for less than fair value.
At one point, Gazprom seemed to want a 25% stake at less than fair value.
 
 
 
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