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Wto and Anti-Dumping Measures
Wto and Anti-Dumping Measures
Haberler defines Dumping as , the sale of goods abroad at a price which is lower than the selling price of the same goods at the time in the same circumstances at home , taking account of different in transport costs.
Types of Dumping
Intermittent Dumping Persistent Dumping Predatory Dumping
Objectives of Dumping
To enter the foreign market To sell surplus production To develop trade relations
Effects of Dumping
Effects on Importing Country:
Decline in sales and profits Affects the survival of the industry Change in preference of the consumer Increases the deficit of the balance of payment
Anti-Dumping measure
Tariff Duty Import Quota Import Embargo Voluntary Export Restraint
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