anti-dumping agreement
The Anti-Dumping Agreement is an international trade regulation aimed at preventing unfair competition in global markets. It prevents countries from selling products at a price lower than their normal market value in another country, which can harm local industries. If a country believes another is "dumping" products, it can impose extra tariffs to level the playing field. This agreement encourages fair trade practices and supports local businesses by ensuring that imports are not sold at artificially low prices that could disrupt the market.
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The Anti-Dumping Agreement is an international trade rule that prevents countries from selling goods abroad at prices lower than their normal market value, often termed "dumping." This practice can harm local industries in the importing country by undercutting prices. The agreement allows countries to take action against dumping by imposing additional tariffs or duties on the imported goods to protect their domestic markets. It aims to promote fair competition and ensure that international trade benefits all parties involved, maintaining a balance between free trade and protecting local economies from unfair practices.