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COUNTERVAILING DUTY

Statistics Directorate    
French Equivalent: Droit compensateur

Definition:
A countervailing duty is an additional levy imposed on imported goods to offset subsidies provided to producers or exporters by the government of the exporting country.

Countervailing duties are permitted under Article VI of the General Agreement on Tariffs and Trade (GATT).

Source Publication:
Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.

Cross References:
Countervailing measures
GATT

Statistical Theme: International trade statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, March 03, 2003