IEC
 

 
Glossary

Dumping

A country is ˇ§dumpingˇ¨ its goods if those goods are exported to other countries in large quantities at prices which are lower than the production cost. The impacts of ˇ§dumpingˇ¨ include: winning a larger market share in the importing country; forcing down the prices of similar goods in the importing country; and affecting the livelihood of producers in the importing country as they are not able to compete. Although the World Trade Organization does not allow its members to dump their goods, many wealthy countries still dump their goods in other countries to expand their markets and seek outlets for their surplus crops.

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