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What (who) is dumping - definition
WIKIMEDIA DISAMBIGUATION PAGE
Dumping (disambiguation)
Dumping
· Dumping is generally seen as an unfair trading practice. It occurs when a good is sold for less than its "fair value", generally meaning it is exported for less than it is sold in the domestic market or third country markets, or it is sold for less than production cost. Article VI of the GATT permits the imposition of special anti-dumping duties against dumped goods, equal to the difference between their export price and their ''fair value'' in the export market, if dumping causes injury in the importing country.
· The sale of a commodity in a foreign market at less than fair value. Dumping is generally recognized as unfair because the practice can disrupt markets and injure producers of competitive products in an importing country. Article VI of the GATT permits imposition of antidumping duties equal to the difference between the price sought in the importing country and the normal value of the product in the exporting country. With price-to-price dumping, the foreign producer can use its sales in the high-priced market (usually the home market) to subsidize its sales in the low-priced export market. The price difference is often due to protection in the high-priced market. Price-cost dumping indicates that the foreign supplier has a special advantage. Sustained sales below cost are normally possible only if the sales are somehow subsidized.
Dumping
·p.pr. & ·vb.n. of Dump.
dumping
see dump
Examples of use of dumping
1. Dumping and dumping," said Oswego Mayor Randy Bateman.
2. Such practices are known as "dumping" and the tariffs are "anti–dumping measures" in World Trade Organisation (WTO) terminology.
3. If dumping or subsidization and injury are found, duties can be imposed to offset the level of dumping or subsidization.
4. The department made its final affirmative determination in May, calculating dumping margins ranging from 6.65 percent to 25.2' percent. The anti–dumping duties to be imposed as a result of the USITC determination are equal to the dumping margins.
5. Imposition of anti–dumping duties requires final affirmative determinations both from the Commerce Department that dumping occurred and from the U.S.