Unfair Trade Practice


Also found in: Legal.

Unfair Trade Practice

Any trade practice that provides or is thought to provide an inequitable advantage to one party. For example, a country may keep its currency artificially weak so as to make its exports cheaper than the situation warrants.
References in periodicals archive ?
The levying of service charge without seeking customer consent will be considered as unfair trade practice under the Consumer Protection Act, he explained.
It is still not certain if there was any fraudulent and unfair trade practice in Surana Solar securities by any of the entities involved.
Section 337 Investigations: Unfair Trade Practice Litigation Before the ITC
According to media reports, "Selling of used demo car without the knowledge of the customer amounts to an unfair trade practice within the Consumer Protection (CP) Act," the National Consumer Disputes Redressal Commission said.
The JFTC can also be criticized for making too much use of unfair trade practice regulations, sacrificing economics-based competition principles.
Optional materials from CCH and Aspen, each of which is sold separately, include: "State Unfair Trade Practices Law; Explanations, Laws & New Developments," Insurance Antitrust and Unfair Trade Practice Law," "IP and Antitrust: An Analysis of Antitrust Principles Applied to Intellectual Property Law," "Foreign Commerce and the Antitrust Laws" and "Distribution Law: Antitrust Principles and Practice."
Their actions are the very definition of an unfair trade practice. AF & PA is working in Washington with the Department of Commerce and the United States Trade Representative to catalogue these subsidy practices and push for their elimination.
"We should not fight alleged unfair trade practices abroad with our own unfair trade practice here at home," Wiener remarks.
That's the complaint of domestic manufacturers who allege the Chinese are engaged in the unfair trade practice known as "dumping," and they want the U.S.
Most state and federal courts also agree that any business practice that "offends established public policy" and is "immoral, unethical, oppressive, unscrupulous or substantially injurious to consumers" is an unfair trade practice.(8) Again, the courts do not require proof of intent or actual fraud to establish an unfair trade practice.
So now with our trade agreement, Mexico is claiming unfair trade practice. They're saying, "We're catching tuna fish the old-fashioned way and we can't compete in your market, so it's an unfair trade practice." Washington wants very much for this trade agreement to work, so they're saying, "Okay, we'll revamp this whole labeling system." The environmental community is split on the issue.
Dumping is an unfair trade practice where foreign competitors intentionally lower the price of their goods to make it harder for American companies that produce raw materials, manufactured goods and agricultural products to compete.