Customs clarifies dumping laws
PA Wellington New Zealand’s dumping laws have been clarified for exporters and importers in a Customs Department booklet, “The New Zealand Customs Dumping Guide.” Dumping, the practice of selling goods abroad at a lower price than that normally charged within the exporting country, is accepted as an unfair trading practice when it damages, or threatens to damage, a domestic industry which is producing goods in competition with the dumped imports. For anti-dumping action to be taken, the department
says, two key elements must be present. The export price of the goods must be less than their normal value in the domestic market of the exporting country and the importation must be able to harm an industry in New Zealand. Mr Warwick Crack, of the Customs Department, says dumping duty is designed to remove the unfair trading aspect of dumping, “but only if a New Zealand industry is being materially threatened or injured by dumped imports.” The department’s booklet is available at ail Us offices.
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Press, 18 January 1986, Page 27
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168Customs clarifies dumping laws Press, 18 January 1986, Page 27
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