Antidumping Duty

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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.
References in periodicals archive ?
The decision stems from the European Commission's expiry review of the anti-dumping action the Commission took in 2013, which have been in place since then.
China's the main target of Indian anti-dumping action, with 214 separate investigations opened -- and, even so, Indian legislators are worried that the measures are ineffective.
equities retreated slightly heading into the open after China denied reports that it has unilaterally offered $200 B in trade concessions, though it did drop an anti-dumping action on imports of U.S.
Boeing has certainly drawn the ire of the Canadian Government recently by filing an anti-dumping challenge against Canada's Bombardier and at last month's CANSEC show in Ottawa, Minister Sajjan surprised the audience by bluntly calling out Boeing, saying that the company's anti-dumping action against Bombardier is "not the action of a trusted partner".
This follows anti-dumping action in March this year on Chinese undercutting in stainless steel prices.
The EU said at the time that the anti-dumping tariffs levied at 9.7 per cent to 11.1 per cent were "significantly hampering access to the Chinese market." Beijing, in addition to taking measures on steel tubes, launched anti-dumping action against its imports of EU wine and chemicals after the EU imposed punitive tariffs on Chinese solar panels and threatened an investigation into China's key telecom equipment firms.
Shen said the two sides would try to resolve trade disputes including the EU's anti-dumping action against imports of Chinese solar panels during the talks.
This would be China's second anti-dumping action against the EU industry in only two weeks, while the EU has threatened to impose duties as high as 68% on imports of Chinese solar panels.
He added: "An anti-dumping action has been brought and anti-dumping is evidence based; there has to be a demonstration that Chinese exporters sell at lower prices overseas than they do in their domestic market.
Up until now, the time, cost and complexity of launching an anti-dumping action has often been a deterrent to the agricultural sector.
For example, the Trade department in the European Commission is looking to take anti-dumping action against US "splash and dash" imports of biofuels which are undermining North East biofuel production.
Anti-dumping action against imports from China, Vietnam, and other Asian exporters is already commonplace in developing countries.