exported at a price less than their normal value, generally meaning they are exported for less than they are sold in the domestic market or third-country markets, or at less than production cost.
NTMs — Non-tariff measures such as quotas, import licensing systems, sanitary regulations, prohibitions, etc.
price undertaking — Undertaking by an exporter to raise the export price of the product to avoid the possibility of an anti-dumping duty.
PSI — Preshipment inspection — the practice of employing specialized private companies to check shipment details of goods ordered overseas — i.e. price, quantity, quality, etc.
QRs — Quantitative restrictions — specific limits on the quantity or value of goods that can be imported (or exported) during a specific time period. rules of origin — Laws, regulations and administrative procedures which determine a product’s country of origin. A decision by a customs authority on origin can determine whether a shipment falls within a quota limitation, qualifies for a tariff preference or is affected by an anti-dumping duty. These rules can vary from country to country.
safeguard measures — Action taken to protect a specific industry from an unexpected build-up of
imports — governed by Article XIX of the GATT 1994.
subsidy — There are two general types of subsidies: export and domestic. An export subsidy is a benefit conferred on a firm by the government that is contingent on exports. A domestic subsidy is a benefit not directly linked to exports.
tariffication — Procedures relating to the agricultural market-access provision in which all non-tariff measures are converted into tariffs.
trade facilitation — Removing obstacles to the movement of goods across borders (e.g. simplification of customs procedures).
VRA, VER, OMA — Voluntary restraint arrangement, voluntary export restraint, orderly marketing arrangement. Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, tariffs or other import controls.
Textiles and clothing
ATC — The WTO Agreement on Textiles and Clothing which integrates trade in this sector back to GATT rules within a ten-year period.
carry forward — When an exporting country uses part of the following year’s quota during the current year.
carry over — When an exporting country utilizes the previous year’s unutilized quota.
circumvention
NTMs — Non-tariff measures such as quotas, import licensing systems, sanitary regulations, prohibitions, etc.
price undertaking — Undertaking by an exporter to raise the export price of the product to avoid the possibility of an anti-dumping duty.
PSI — Preshipment inspection — the practice of employing specialized private companies to check shipment details of goods ordered overseas — i.e. price, quantity, quality, etc.
QRs — Quantitative restrictions — specific limits on the quantity or value of goods that can be imported (or exported) during a specific time period. rules of origin — Laws, regulations and administrative procedures which determine a product’s country of origin. A decision by a customs authority on origin can determine whether a shipment falls within a quota limitation, qualifies for a tariff preference or is affected by an anti-dumping duty. These rules can vary from country to country.
safeguard measures — Action taken to protect a specific industry from an unexpected build-up of
imports — governed by Article XIX of the GATT 1994.
subsidy — There are two general types of subsidies: export and domestic. An export subsidy is a benefit conferred on a firm by the government that is contingent on exports. A domestic subsidy is a benefit not directly linked to exports.
tariffication — Procedures relating to the agricultural market-access provision in which all non-tariff measures are converted into tariffs.
trade facilitation — Removing obstacles to the movement of goods across borders (e.g. simplification of customs procedures).
VRA, VER, OMA — Voluntary restraint arrangement, voluntary export restraint, orderly marketing arrangement. Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, tariffs or other import controls.
Textiles and clothing
ATC — The WTO Agreement on Textiles and Clothing which integrates trade in this sector back to GATT rules within a ten-year period.
carry forward — When an exporting country uses part of the following year’s quota during the current year.
carry over — When an exporting country utilizes the previous year’s unutilized quota.
circumvention