Definition – Dumping is a predatory pricing technique in which a product is exported and sold for a cheaper price in a foreign market than in its domestic market. Dumping can lead to monopolization by causing domestic companies to go out of business when they cannot compete with the low prices of the imported goods.Related Terms – Anti-dumpingHistory – The Anti-Dumping Agreement was implemented by the World Trade Organization (WTO) in 1994.
In addition to Ocean and Air, we manage every transfer between truck and train, coordinate schedules, and provide real-time updates to keep your cargo on track.
