Your Gateway to Financial Literacy
What is Dumping? Dumping, a phenomenon in international trade, refers to exporting goods at prices lower than those in the domestic market. This deliberate pricing strategy is employed to gain a significant competitive edge over foreign competitors and can have profound implications for both the exporter’s home market and the
Read more
Overview of Bilateral Trade Agreements Bilateral trade agreements represent mutual understandings between two countries for promoting commerce and reducing trade barriers. These agreements eliminate tariffs, import quotas, export restraints, and other restrictive practices to encourage exchange of goods and services. The Office of Bilateral Trade Affairs, an agency under the
Read more
What is an Anti-dumping Duty? An anti-dumping duty (ADD) refers to a protective tariff imposed by domestic governments on foreign imports that are believed to be sold at prices below their fair market value, also known as “dumped” goods. The intent behind this protectionist measure is to safeguard local industries
Read more