Countervailing Duty 3


Countervailing Duty 3 : An extra charge that a country places on imported goods to counter the subsidies or bounties granted to the exporters of the goods by their home governments The duty is allowed by the Code on Subsidies and Countervailing Duties negotiated at the Tokyo Round, if the importing country can prove that the subsidy would cause injury to domestic industry US countervailing duties can only be imposed after the International Trade Commission has determined that the imports are causing or threatening to cause material injury to a US industry
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