Price Undertaking

Price Undertaking

Price Undertaking and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Price Undertaking: An agreement by an exporting firm with the government of an ” importing country to raise the price of its products to a level sufficient to avoid injury to producers of similar goods in the importing country, in order to forestall imposition of antidumping duties. See alsosuspension agreement.

Price Undertaking in International Trade

Meaning of Price Undertaking, according to the Dictionary of International Trade (Global Negotiator): Undertaking by an exporter to raise the export price of the product to avoid the possibility of an anti-dumping duty.



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