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Unfair Trade Practice

   Also found in: Legal, Wikipedia 0.01 sec.
Unfair Trade Practice
Any trade practice that provides or is thought to provide an inequitable advantage to one party. For example, a country may keep its currency artificially weak so as to make its exports cheaper than the situation warrants.


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When the Society of Catalysts, a consumer welfare organisation, took the matter to the National Consumer Disputes Redressal Commission (NCDRC), charging the channel and the telecom company with unfair trade practice, the court not only ruled against the companies but also imposed a punitive damage of Rs 1 crore, which was deposited in the Consumer Welfare Fund.
An angry Beijing lodged a complaint at the World Trade Organization and retaliated by launching a probe into possible unfair trade practices involving imports of US car products and chicken meat.
An angry Beijing lodged a complaint at the World Trade Organization and retaliated by launching a probe into possible unfair trade practices involving imports of US car products and chicken meat.
 
 
 
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