Concept information
Preferred term
countervailing duties
Definition
- A countervailing duty is intended to neutralize the competitive advantage that a firm gains when exporting to a foreign market due to the receipt of subsidies from its home government. It is an additional duty that removes the advantage gained by the receipt of the subsidy. [Source: Encyclopedia of Business in Today's World; Countervailing Duties]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/countervailing_duties
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