Less Than Fair Value

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Also found in: Acronyms.

Less Than Fair Value

The deliberate sale of an export so that the export is significantly less expensive than a domestically produced good. A less than fair value sale is not simply less expensive, it is determined to be anti-competitive. Importing countries attempt to counteract less than fair value sales by setting up tariff barriers or countervailing duties. See also: Dumping.
References in periodicals archive ?
While the statute protects domestic magnesium producers from injury caused by LTFV imports, its scope of protection does not reach so far as to support artificially inflated prices when fairly-traded imports are underselling the domestic product.
Hence, the antidumping statute mandates a showing of causal--not merely temporal--connection between the LTFV goods and the material injury.
The three alternative criteria for establishing LTFV are the following:
If the actual transaction prices are below this constructed price then LTFV sales are said to have occurred.
First, the ITA often combines methods when determining the LTFV margin.