Dumping

In international trade, dumping refers to the export of goods and services at prices that are purposely set lower in the markets into which they are imported than in the markets from which they are exported. It is allowed under World Trade Organization rules with certain conditions. Dumping imperils the survival of businesses producing the same or similar goods and services in the export market, which cannot compete on price. Dumping is described as a country intentionally flooding a foreign market with cheap goods, sometimes facilitated by government subsidies. It is considered an aggressive and unfair trade practice and countered by anti-dumping duties.