Cryptocurrency Q&A
Is price dumping illegal?
Is price dumping illegal?
Pietro
Sun Oct 13 2024
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7 answers
1716
I'm wondering if price dumping, the practice of selling goods at a price lower than their normal value, often seen in international trade, is considered illegal or not.
7 answers
Leonardo
Tue Oct 15 2024
The practice of dumping, wherein a foreign exporter sells its goods in another country at a price lower than its normal value, is often a subject of controversy in international trade.
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CryptoQueenGuard
Mon Oct 14 2024
In the absence of such evidence, the WTO rules prohibit the importing country from imposing measures such as tariffs or quotas to protect its domestic producers.
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Carolina
Mon Oct 14 2024
Tariffs and quotas are commonly used by countries as a means of safeguarding their domestic industries from the effects of dumping.
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CryptoVanguard
Mon Oct 14 2024
However, under the rules set forth by the World Trade Organization (WTO), dumping is generally considered legal unless certain conditions are met.
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Arianna
Mon Oct 14 2024
Specifically, the importing country must be able to prove that the dumped goods have caused material injury to its domestic producers.
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