DUMPING

Term of the Day
For Monday, August 25, 2008
dumping
Definition
Exporting goods at prices lower than the home-market prices. In
price-to-price dumping, the exporter uses higher home-prices to supplement
the reduced revenue from lower export prices. In price-cost dumping, the
exporter is subsidized by the local government with duty drawbacks, cash
incentives, etc. Dumping is legal under GATT (now WTO) rules unless its
injurious effect on the importing country's producers can be established.
If injury is established, GATT rules allow imposition of anti-dumping duty
equal to the difference between the exporter's home-market price and the
importer's FOB price.
dumping is in the Banking, Commerce & Finance, Customs Documentation &
Procedures, Economics, Politics, & Society and International Trade &
Relations subjects.
dumping appears in the definitions of the following terms: dual pricing,
exporter's sale price, endangerment assessment, constructed value and
release.
This content can be found on the following page:
http://www.businessdictionary.com/definition/dumping.html
with regards

************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************