Countervailing Duties

Duties imposed by a country on imports to offset subsidies on such products in their country of origin. The international legal basis for countervailing duties is established in Article VI of the GATT. In most jurisdictions a quasi judicial or administrative law process conducts ‘CVD investigations,’ – in the EU this is done by the European Commission’s Directorate General (DG) Trade, in the US by the United States International Trade Commission.

Related Terms

Term posted by Origin on in