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    Question

    Recently Government decides not to extend anti-dumping

    duty on ammonium nitrate from 3 nations, which among the following is not the in those 3 nations?
    A Russia Correct Answer Incorrect Answer
    B Iran Correct Answer Incorrect Answer
    C Georgia Correct Answer Incorrect Answer
    D Iraq Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The government has decided not to extend the anti-dumping duty imposed on ammonium nitrate imported from Russia, Iran, and Georgia. The duty is aimed at ensuring fair trade practices and creating a level-playing field for domestic producers with regard to foreign producers and exporters. Learn Along: Anti-dumping duty is a tariff imposed on imports manufactured in foreign countries that are priced below the fair market value of similar goods in the domestic market. The government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports.

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