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Which of the following defines dumping under the WTO Anti-Dumping Agreement?

A product is dumped when its export price is below its normal value. Article 2.1 generally uses the comparable price for the like product in ordinary trade in the exporting…

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Which of the following defines dumping under the WTO Anti-Dumping Agreement?

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Answer and explanation

Correct answer A

A product is dumped when its export price is below its normal value. Article 2.1 generally uses the comparable price for the like product in ordinary trade in the exporting country. Article 2.2 allows alternative benchmarks in specified circumstances. Injury is relevant to anti-dumping measures, rather than to the definition of dumping itself.

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Option A

Dumping compares export price with normal value. A below-cost sale is not required in every case.

Option B

Restricting domestic supply concerns the home market. Dumping requires comparing the export price with normal value.

Option C

GATT Article VI and the WTO Anti-Dumping Agreement tie anti-dumping measures to findings including injury and its causal link to dumped imports.

Option D

An import tariff is a measure imposed by the importing jurisdiction. Dumping is a pricing comparison.

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