Anti-Dumping Declaration (1979)

The Anti-Dumping Declaration of 1979 is an international agreement aimed at preventing countries from selling goods at unfairly low prices, which can harm local industries. When a country exports products at prices lower than their normal value in the home market, it is considered "dumping." The declaration encourages nations to investigate and take action against such practices, allowing them to impose tariffs or other measures to protect their economies. This ensures fair competition and helps maintain stable trade relationships among countries.