Price undertaking
Also called: undertaking · fiyat taahhüdü
A voluntary commitment by an exporter, accepted by the investigating authority, to sell at or above a minimum price instead of paying anti-dumping or countervailing duties. Goods covered by an accepted undertaking must be accompanied by an undertaking invoice, and breach can lead to duties being imposed.
In practice
Importers must check that the invoice meets the undertaking requirements, because a missing or defective invoice makes the full duty payable.
EU
Türkiye
UK
USARelated terms
- Anti-dumping duty
- An additional duty imposed on imports sold at prices below their normal value in the exporting country, when this causes injury to domestic industry.…
- Minimum import price
- A form of trade remedy in which duty is due only on the difference between a set minimum price and the declared import price when the latter is…
- Countervailing duty
- An additional duty that offsets subsidies granted by a foreign government to producers or exporters, when subsidised imports injure domestic…