Posted by: lootekukur April 6, 2007
Garment export declines by 47 percent in March
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Hey BC buddy ole pal, :D i too am relatively new to the terminoligy--CVD (Countervailing Duty). What I got to know from International Trade Theory and Policy webesite is this. This is verbatim and perhaps will help you understand it better: The WTO allows countries to place a countervailing duty (CVD) on imports when a foreign government subsidizes exports of the product which in turn causes injury to the import competing firms. The countervailing duty is a tariff designed to "counter" the effects of the foreign export subsidy. We will assume that there are two large countries trading a particular product in a partial equilibrium model. The exporting country initially sets a specific export subsidy. That action is countered with a CVD implemented by the importing country. More here so countervailing duties are a means to restrict international trade in cases where imports are subsidized by a foreign country and hurt domestic producers.according to WTO rules, a country can launch its own investigation and decide to charge extra duties, provided such additional duties are in accordance with the WTO's Dispute Settlement System. i am not denying that tourism and other business activities have come under massive jeopardy due to the instability back home. maoists, parties, king and we people--everyone is one way or the other liable for this chaos. but there are various things that one needs to look at before pin-pointing at a particular group or a person haina?
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