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Definition:

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.