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Anti-dumping duty

  • IASbaba
  • December 27, 2021
  • 0
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Anti-dumping duty

Part of: Prelims and GS III – Economy

Context India has imposed anti-dumping duty on five Chinese products for five years to protect local manufacturers from cheap imports from the neighbouring country.

About Anti-dumping Duty

  • An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are dumped.
  • The imposition of anti-dumping duty is permissible under the World Trade Organization regime. 
  • It is aimed at ensuring fair trading practices and creating a level-playing field for local producers vis-a-vis foreign producers and exporters.
  • These tariffs can also lead to higher prices for domestic consumers.

 

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