Introduction
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Dumping refers to the practice of exporting goods to another country at a price lower than the normal value in the exporting country. This can harm domestic industries in the importing country by undercutting their prices and creating unfair competition.
Key Characteristics:
- Price Discrimination: Selling the same product at different prices in different markets.
- Export Price Lower than Domestic Price: The export price is often lower than the price charged in the domestic market of the exporting country.
- Injury to Domestic Industry: It can cause significant harm to the industry in the importing country.