Dispute with Colombia over frozen fries raised again at WTO

Anti-dumping duties are levies that a country can impose, on top of regular customs duties, to protect its own domestic market. Dumping occurs when a product is exported at a price below its normal value. What the 'normal value' is can be determined, among other things, based on the domestic price or production costs. These dumping duties are intended to prevent one country from damaging the economy of another by flooding the market with absurdly cheap, sometimes deliberately loss-making products. Colombia introduced import duties on fries from Europe in 2018. The country accused exporting companies from the Netherlands, Belgium and Germany of dumping cheap fries on the Colombian market. This would be at the expense of potato processing companies in Columbia. The European countries raised the measure with the WTO and were vindicated, even after an arbitration case initiated by Colombia. In 2016, when there were no levies yet, Dutch, Belgian and German companies exported frozen ...