countervailing duty
Definition
Additional import duty imposed to offset the effect of concessions and subsidies granted by an exporting country to its exporters. Imposition of a countervailing duty is an attempt to bring the imported price to its true market price, and thus provides a level playing field to the importing country's producers. See also anti-dumping duty.
countervailing duty is in the Accounting & Auditing, Banking, Commerce & Finance, Customs Documentation & Procedures and International Trade & Relations subjects.
countervailing duty appears in the definition of the following term: General Agreement on Tariff and Trade (GATT)
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