Glossary
International Trade Terms
Anti-dumping Agreement — The World Trade Organization (WTO) Anti-dumping Agreement allows countries to impose anti-dumping duties to protect their producers from injury caused by imports of dumped goods. Anti-dumping Duties — Anti-dumping duties are applied to imports of a particular good from a specified country in order to eliminate the harm being caused by the dumping to the domestic industry of the importing country.Binding — In the WTO, when countries agree to open their markets for goods or services, they "bind" their commitments. For goods, these bindings amount to ceilings on customs tariff rates. Sometimes countries tax imports at rates…
