Browsing from:

Engineering Dictionary

Share
Dictionary Search:

Dumping

Dumping occurs when imported merchandise is sold in, or for export to, the domestic market at less than the normal value of the merchandise, i.e., a price which is less than the price at which identical or similar merchandise is sold in the comparison market, the home market (market of exporting country) or third-country market (market used as proxy for home market in cases where home market cannot be used). The normal value of the merchandise cannot be below the cost of production.