countervailing duty

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countervailing duty

n
(Economics) an extra import duty imposed by a country on certain imports, esp to prevent dumping or to counteract subsidies in the exporting country
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.countervailing duty - a duty imposed to offset subsidies by foreign governments
tariff, duty - a government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
ISLAMABAD -- Appellate body, the supreme dispute settlement wing of World Trade Organisation (WTO), has declared European Union (EU) countervailing duties (CVDs) not consistent with its SCM agreement.
V of 2015), The Anti-Dumping Duties Bill, 2015 (Ordinance No IV of 2015), The Countervailing Duties Bill 2015 (Ordinance NO.
The Department of Commerce released its preliminary findings on countervailing duties (CVD) on hot-rolled steel from Brazil, Turkey and South Korea, on Monday.
According to a press release, on a summary, the President accorded his assent to the Countervailing Duties Bill, 2015 under clause (1) of Article 70 read with Article 75 of the Constitution of the Islamic Republic of Pakistan.
antidumping and countervailing duties on sugar imports from Mexico, Economic Secretary Ildefonso Guajardo Villarreal said last week.
JEDDAH, July 14 (KUNA) -- Spokesman of the Saudi Export Development Authority (SEDA) Feras Abal-Khail said Monday the US imposition of anti-dumping and countervailing duties on Saudi steel pipes exports will weaken the competitive edge of the Saudi products on the US markets.
As a result, Llosa requested that the Institute of National Defense of Competition and Intellectual Property Protection (INDECOPI) prepare a careful analysis on the possibility of applying countervailing duties on the imports of cotton from the United States.
Since November 2006, the United States has initiated investigations into Chinese subsidies for thirty-one categories of products, including steel, tires, paper, solar panels and wind towers, and imposed countervailing duties to offset most of them.
The US Department of Commerce's International Trade Commission decided against levying any countervailing duties against Omani pipe exporters, on the ground that there was little or no evidence of subsidies enjoyed by these companies.
This volume collects 37 papers from the academic literature on the economics of subsidies and countervailing duties (imposed to offset subsidy advantages), their role in trade agreements, and their treatment in the General Agreement on Tariffs and Trade/World Trade Organization regime.
The European Biodiesel Board (EBB) has expressed its satisfaction with the extension by the EU of restrictions aimed at preventing the circumvention of the anti-dumping and countervailing duties in place against US biodiesel since 2009.