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
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"
References in periodicals archive ?
Department of Commerce announced the initiation of new antidumping duty and countervailing duty investigations to determine whether fabricated structural steel from Canada, China, and Mexico is being sold in the United States at less than fair value and to find if producers in Canada, China, and Mexico are receiving unfair subsidies.These antidumping duty and countervailing duty investigations were initiated based on petitions filed by American Institute of Steel Construction Full Member Subgroup on February 4, 2019.
Nepalese entrepreneurs have been requesting for removal of countervailing duty imposed by the Government of India (GoI) on the import of Nepali goods.
ISLAMABAD -- In a major victory for Pakistan, the supreme dispute settlement body of the World Trade Organization (WTO) upheld the appeal of the European Union (EU) in the Polyethylene Terephthalate (PET) countervailing duty case in Geneva on Wednesday.
Department of Commerce will continue with its antidumping and countervailing duty investigations concerning imports of rubber bands from China and Thailand, with its preliminary countervailing duty determinations due on or about April 26, and its antidumping duty determinations due on or about July 10.
With the final determination to be announced in July 2016, the first round of the investigation has brought about a 7.42 percent countervailing duty against Brazilian exporters.
International Trade Commission to review the recently concluded agreements that suspended dumping and countervailing duty investigations on sugar imports from Mexico.
GENESIS: THE CONCURRENT APPLICATION OF ANTIDUMPING AND COUNTERVAILING DUTY LAWS TO NONMARKET ECONOMIES A.
In the budget 2011-12, Government had also imposed 5 per cent countervailing duty for which CENVAT credit can be availed by the manufacturer if its product attracts excise duty.
The industry will also be benefited by imposition of 12 per cent countervailing duty on import of garments from Bangladesh, he said.
Department of Commerce (DOC) will now continue its probe of Chinese hardwood plywood imports and is expected to provide preliminary countervailing duty determination on or about Dec.
Based on the recommendations of the US International Trade Commission, which launched a preliminary investigation into the petition, the Department of Commerce initiated countervailing duty investigations of circular welded carbon quality steel pipes from Oman.