Agreement On Subsidies And Countervailing Measures

Agreement on Subsidies and Countervailing Measures in Global Commerce Policy

In this regard, agreement on subsidies and countervailing measures is: a WTO agreement which establishes three categories of subsidies and the procedures to be followed in dealing with them. The categories are prohibited subsidies (subsidies contingent on export performance or the use of domestic rather than imported goods), actionable subsidies (subsidies wich may only be maintained if they do not injure the domestic industry of another member, cause nullification or impairment of benefits, or cause serious prejudice to the interests of another member) and non-actionable subsidies (subsidies which may be maintained by members). The Agreement details an accelerated timetable for dispute settlement cases arising from the application of the Agreement. The entries on trade policy are here. It also sets out the conditions under which countervailing duties may be imposed. The entries on trade policy are here. It does not apply to agricultural subsidies. See also Agreement on Agriculture, amber box, blue box, green box, Permanent Group of Experts and provisional countervailing duties.[1]

Agreement on Subsidies and Countervailing Measuresin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Agreement on Subsidies and Countervailing Measures” entry (OAS)

See Also