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  1. #1
    keannu's Avatar
    keannu is offline Key Member
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    foreign governments

    1. Does this "foreign governments" mean exporters' government or importers' government?
    2. I'm sorry I may lack of economic knowledge, but free trade seems to encourage dumping or something, but this seems to saying "dumping" is against free trade, what's the truth?
    3. What does this "charges" mean? The translation goes "judgement", but I think it's "fees", I'm not sure.

    ex)The practice of selling a product in a foreign market at a price lower than it commands in the producer's domestic market is called dumping. Critics of free trade often argue that foreign governments give substantial support to their own exporting companies. Government support may permit these firms to extend their export markets by offering lower prices abroad. In retaliation for this interference with free trade, the United States adds import tariffs to products that foreign firms dumpo on U.S market to bring their prices in line with those of domestically produced products. However, businesses often claim that charges of dumpings must undergo a lengthy investigative and bureaucratic procedure before the government assesses import duties....

  2. #2
    bhaisahab's Avatar
    bhaisahab is offline Moderator
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    Re: foreign governments

    Quote Originally Posted by keannu View Post
    1. Does this "foreign governments" mean exporters' government or importers' government? The governments of the exporting countries.
    2. I'm sorry I may lack of economic knowledge, but free trade seems to encourage dumping or something, but this seems to saying "dumping" is against free trade, what's the truth? Free trade encourages dumping but dumping is against the spirit of free trade (allegedly).
    3. What does this "charges" mean? The translation goes "judgement", but I think it's "fees", I'm not sure. It means "allegations".

    ex)The practice of selling a product in a foreign market at a price lower than it commands in the producer's domestic market is called dumping. Critics of free trade often argue that foreign governments give substantial support to their own exporting companies. Government support may permit these firms to extend their export markets by offering lower prices abroad. In retaliation for this interference with free trade, the United States adds import tariffs to products that foreign firms dumpo on U.S market to bring their prices in line with those of domestically produced products. However, businesses often claim that charges of dumpings must undergo a lengthy investigative and bureaucratic procedure before the government assesses import duties....
    Bhai.

  3. #3
    SoothingDave is offline VIP Member
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    Re: foreign governments

    Free trade is supposed to be about the companies in my country competing equally with the companies in your country. Now, if your country's government gives money to companies in your country that allows them to sell in my country "at a loss" then that is "dumping" and is not fair to the companies in my country.

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