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Unfair Trade Practices In International Market
Competing with Foreign Firms.Pygo International, Ltd., is a foreign firm having a 12 percent share of the U.S. market for diamonds. To capture a larger share, Pygo offers its products at a below cost discount to U.S. buyers and inflates the prices in its own country to make up the difference. You are marketing manager for a U.S. diamond company. Discuss with your board of directors how this attempt to undersell U.S. businesses can be defeated. To assist you in your discussion, answer the following. What is the practice of selling imported goods at “less than fair value” known as? Is that practice an unfair international trade practice? What remedies can be had? Should US laws be tougher on foreign firms in this situation? Take a stand on this issue and defend your position. 150 words.




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