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 ?
But the new documents forced Tokyo to take more time in examining evidence to allow it to invoke an antidumping clause under World Trade Organization rules, they said.
-- agree to negotiations aimed at clarifying and improving disciplines on implementation of antidumping clause.