Definition of countervailing duty in English:
An import tax imposed on certain goods in order to prevent dumping or counter export subsidies.
- It is complying with WTO rules on anti-dumping, subsidy and countervailing duties, and safeguard measures.
- For trade in goods, the principal issues that concern the WTO include border measures such as tariffs and other duties, anti-dumping and countervailing duties, import quotas and bans.
- Even lower rates in the US have kept markets for lumber strong, and B.C. producers are making a profit - in spite of countervailing duties and dumping penalties.
Definition of countervailing duty in:
- British & World English dictionary
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