anti dumping Flashcards
occurs when foreign producers sell their products to an importer in the domestic market at prices lower than in their own national markets, or at prices below cost of production
dumping
product produced by the domestic industry which is identical or alike in all respects to the article under consideration, or in the absence of such a product, another product which, although not alike in all respects, has characteristics closely resembling those of the product under consideration.
like product
amount by which the normal value (the price prevailing in the exporting country) exceeds the export price (selling price to an importer in the Philippines).
price difference
means material injury to a domestic industry, threat of material injury or material retardation of the establishment of a domestic industry
injury
refers to a finding that the material injury suffered by the domestic industry is the direct result of the importation of the dumped product
causal link
The foreign producer’s domestic selling price is referred to as the “normal value” of the article.
normal value
” refers to (1) the ex-factory price at the point of sale for export; or (2) the price assessed at the free-on-board (F.O.B.) level (at the point of shipment) of the allegedly dumped product
export price
refers to a transaction where the price is not affected by any relationship between the buyer and the seller, of if there is no compensation, reimbursement, benefit, or other consideration given in respect of the price.
arms length transaction
refers to the domestic producers of like products as a whole or to those whose collective output of the products constitutes a major proportion of the total domestic production of those products in the industry concerned.
domestic industry
means the domestic price in the exporting country at the same level of trade which is sold or offered for sale at wholesale on the date of exportation to the Philippines.
comparable price
the country from where the allegedly dumped product was shipped to the Philippines, regardless of the location of the seller.
country export
the country where the allegedly dumped product either was wholly obtained or where the last substantial transformation took place.
country origin
refers to the country of export or origin where the government (1) has a monopoly, or substantial monopoly, of trade; and (2) determines, or substantially influences, the domestic prices of the products in that country.
non-market economy
refers to the extent by which the domestic producer reduces its selling price in order to compete with the allegedly dumped product.
price depression
refers to the extent by which the allegedly dumped product prevents the domestic producer from increasing the selling price of its own like product to a level that will allow full recovery of its cost of production.
price suppression