Government of India has recently used anti dumping duties What does anti dumping duty refers to in i...........

Economic Affairs Foreign Trade - Trends and Policy

Government of India has recently used anti-dumping duties. What does anti dumping duty refers to in international trade?

Very high duties imposed on country’s exports.

A non- protectionist tariff

A protectionist tariff

An import promotion policy based on inclusive governance

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Explanation:

Dumping, in international trade, is the export by a country or company of a product at a price that is lower in the foreign market than the price charged in the domestic market. As dumping usually involves substantial export volumes of the product, it often has the effect of endangering the financial viability of manufacturers or producers of the product in the importing nation. Dumping is also a colloquial term that refers to the act of offloading a stock with little regard for its price.