ABSTRACT
Article VI of the GATT defines dumping as when “products of one country are introduced into the commerce of another country at less than the normal value of the products.”
The concept of dumping is unique to international commerce. When engaged in the conduct of domestic commerce in a free market economy, a company may sell its products at whatever price it chooses. In the conduct of international commerce, however, the GATT rules allow WTO members to apply anti-dumping duties as a trade remedy to offset or prevent dumping and to protect a domestic industry from injury.
