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 ?
Uganda had joined the punitive duty as Kenyan products became uncompetitive in the two markets and traders suffered massive losses.
The Department of Trade and Industry (DTI) slapped an P8.40 per bag provisional punitive duty on imported cement stressing the surge in imports has injured this strategic domestic industry.
A punitive duty the Trump administration applied to lumber imports from Canada has raised the price of a new home by $9,000, according to the National Association of Home Builders.<br />And trade disputes pushed the cost of all construction inputs up4.2 percent year-over-year in May, according to BLS data.
The punitive duty will range from $83.08 to $168.76 per ton.
and Hsing Chung Paper Co., Ltd., jointly filed an appeal to MOF for imposing a punitive duty of 14%, 51%, 11% and 31% on imports of coated paper from China, Japan, Korea and Finland, respectively.
"However, we need government initiatives that could increase cement consumption which is only possible if the government abolishes Federal excise duty on cement as it is a punitive duty and curbs consumption," said a spokesman of All Pakistan Cement Manufacturers Association.
It is unclear whether the Government has any understanding of the potential effect of these rates on the likelihood of more airlines prioritising similar routes to the UK in future - after all, few of our competitor nations have imposed such a punitive duty. That is worrying for the North East as we try to build as strong a case as possible to attract a direct link to the United States.
It seems more likely that Beijing tinkered with its estimates of the cost of producing chicken feet to generate a sufficiently punitive duty rate.
Fortunately for the processing sector that relies on raw material from Norway, last month the punitive duty was lifted and replaced with a minimum price of 2.81 euros per kilo.
The European Commission had invited a group of bedlinen exporters from Pakistan to find out a constructive solution to the ongoing anti-dumping proceedings and the suggested punitive duty of up to 40%.
Petniunas says her organization will continue to remain politically active through ongoing talks with Bush administration officials about the adverse effects of the punitive duty.