How Do You Spell ANTIDUMPING?

Pronunciation: [ˌantɪdˈʌmpɪŋ] (IPA)

The word "antidumping" is spelled as /æn.ti.dʌm.pɪŋ/ in IPA phonetic transcription. The initial "an" prefix means "against," "opposite," or "not." The word "dumping" refers to the practice of selling goods in an export market at a lower price than in the originating market, allowing companies to gain an unfair advantage over domestic producers. The term "antidumping" therefore refers to measures taken to prevent this practice and create a level playing field in international trade.

ANTIDUMPING Meaning and Definition

1. Antidumping is a term used in international trade to describe a form of trade remedy applied by governments to counteract the practice of dumping. Dumping refers to the act of exporting goods to another country at prices lower than their normal value, usually below the cost of production. This unfair trading practice can harm domestic industries by creating an uneven playing field and distorting competition.

   An antidumping measure is implemented by a government to protect its domestic producers against the adverse effects of dumping. It involves imposing additional duties or tariffs on the imported goods, equalizing their prices with the fair market value or the cost of production. The purpose of antidumping measures is to restore fair competition and prevent injury to the domestic industry being dumped upon.

   To initiate an antidumping investigation, a domestic industry must submit a petition to the relevant government authority. This petition should provide evidence of dumping, injury to the domestic industry, and a causal link between the dumping and the injury. The government authority then conducts a thorough investigation to determine if dumping has occurred, if it has caused material injury to the domestic industry, and if imposing antidumping measures is in the public interest.

   Antidumping measures are subject to certain rules and regulations established by international trade agreements, such as the World Trade Organization's (WTO) Agreement on the Implementation of Article VI of the General Agreement on Tariffs and Trade 1994 (Antidumping Agreement). These rules aim to ensure that antidumping measures are applied transparently, fairly, and based on objective criteria.

Common Misspellings for ANTIDUMPING

• antidampin

Etymology of ANTIDUMPING

The word "antidumping" is formed from the combining of two components: "anti-" and "dumping".

1. "Anti-": This prefix is derived from the Greek word "anti" meaning "against" or "opposite". It is frequently used in English to indicate opposition, or an oppositional stance towards something.

2. "Dumping": The term "dumping" comes from the verb "dump", which originally meant "to fall abruptly" or "to throw forcibly". Over time, its meaning expanded to include "to discard" or "to get rid of". In the commercial context, "dumping" refers to the practice of selling goods in a foreign market at a price below their fair market value, often as a means to gain a competitive advantage or eliminate competition.

When combined, the word "antidumping" thus refers to actions taken against the practice of dumping.