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 ?
As a result, imports of carbon and alloy steel wire rod from South Africa will not be subject to retroactive antidumping duties.
International law allows for antidumping duties to remedy such behavior when it threatens or causes material injury to producers in the export market.
The Department of Trade and Industry has slapped provisional antidumping duties as high as 87 percent on float glass imports from China as these were found to be causing serious injury to Philippine glass manufacturers.
The antidumping duties, which are primarily used against imports from countries such as China and developing countries, stem from a complaint filed to the Commission by the European ethanol producer trade association known as ePure.
WASHINGTON--Hardwood plywood imported from China came a step closer to facing antidumping duties following a unanimous vote by the U.
The European Commission has appealed the World Trade Organisation (WTO) ruling against the EU concerning antidumping duties applied to certain Chinese iron and steel fasteners, denounced by Beijing, the WTO announced on 25 March.
China's Ministry of Commerce on Friday proposed antidumping duties of between 43 percent and 106 percent on imports of American poultry.
In 2005, the Commerce Department slapped antidumping duties on imports from a number of countries.
Such dumping was found to have occurred, and antidumping duties were imposed.
THE EUROPEAN Union (EU) Council of Ministers has slashed antidumping duties on three Chinese suppliers to the EU market of plastic bags and sacks.
Department of Commerce (USDOC) has to conduct "sunset" reviews every five years to figure out whether or not dumping is likely to continue thus warranting renewal of its antidumping duties for five more years.
If Commerce grants China market economy status, both CVDs and antidumping duties could be applied simultaneously, but required methodological changes could well reduce antidumping duties.