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 ?
Reuters) JAKARTA: The US' recent decision to add anti-dumping duties on biodiesel from Indonesia is preventing Indonesia's exporters from trading in the US market, Pradnyawati, director of trade security at Indonesia's Trade Ministry, told Arab News.
The MITI said Royal Malaysian Customs Department would enforce the collection of anti-dumping duties through Feb.
The complainant asks for bilateral talks on the anti-dumping duties as an initial measure.
Department of Commerce made an annual preliminary judgment on welded line pipes exported by Korean steelmakers, raising anti-dumping duties to up to 19.
LAHORE -- Pakistan's decision to place anti-dumping duties on Chinese tiles is paying dividends as one of the country's oldest tile manufacturer in Karachi is set for return to profitability after years of incurring losses.
The Ministry of Trade and Industry decided to extend the period of application of temporary anti-dumping duties on imports of steel (skewers, rolls, and rods) exported from or originating in China, Turkey, and Ukraine for two months.
After the EU issued anti-dumping duties against countries that subsidize biodiesel production, the US Department of Commerce recently introduced an over 50% anti-dumping duty against Argentina and Indonesia biodiesel imports.
Europe maintains a more moderate approach than the US related to steel anti-dumping duties.
So far as Pakistan is concerned, levying of Anti-Dumping duties on bed linen and matches by the EU and Egypt, correspondingly, explains the abuse of systole importing countries.
Two chemical manufacturing firms--Reliance Industries, which buys crude oil from Iran, and MCC PTA India Corp--jointly sought the anti-dumping duties to protect their market in India from foreign competition.
The department also issued anti-dumping duties of 3 percent to 92 percent on producers of corrosion-resistant steel in Italy, India, South Korea and Taiwan, it said in a statement.
CHINA has imposed anti-dumping duties on "under-priced" steel from the European Union, Japan and South Korea.