Definition of Dumping

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TeachMeFinance.com - explain Dumping



Dumping

The term 'Dumping ' as it applies to the area of agriculture can be defined as ' Selling commodities in a foreign market at a lower price than in the domestic market. Under World Trade Organization rules, dumping occurs when the price to the importer is less than the normal price of the product charged to the buyer in the country of origin. When considering the imposition of an antidumping duty, the U.S. government examines the imported price of a product compared to its domestic price. In addition, before duties are imposed, proof of injury to a U.S. industry must be demonstrated'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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