Price commitment

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The price undertaking is a concept related to the anti-dumping proceeding conducted by the European Commission. If, as a result of the conduct of the investigation, the accused exporter (as well as a group of exporters represented by the government or other state organization) may agree with the European Commission a commitment to increase the price level of the exported product so as not to harm the EU producers .

Such an alternative to definitive anti-dumping duties can be beneficial for each party as the European Commission does not need to prove in the long run the existence of dumping and injury and solves the problems of the EU industry while guaranteeing the proper supply of the goods. The accused exporter, instead of paying a higher duty, may earn more profit on each sold product (the price increase is limited to the dumping margin).

The agreement between the exporter and the European Commission of a price undertaking involves a number of formalities and the need for the exporter to submit to a strong European Commission audit involving the need to report on prices, sales volumes and directions, being ready for European Commission checks on the spot. Failure to meet the terms of the price undertaking results in the imposition of definitive anti-dumping duties.

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