An anti-dumping duty represents a protectionist duty or tariff charged to imports being produced in a foreign country whose price is below the average domestic market value of comparable commodities. By imposing anti-dumping duties on foreign imports, the local trade regulating body judges the goods to be “dumped” in the local market – as a result of the low prices. Therefore, an anti-dumping duty is aimed at protecting domestic companies and markets against any unfair foreign competition.
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