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Subsidies in the Context of the WTO's Free Trade System - A Legal and Economic Analysis (Paperback, Softcover reprint of the original 1st ed. 2017)
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Subsidies in the Context of the WTO's Free Trade System - A Legal and Economic Analysis (Paperback, Softcover reprint of the original 1st ed. 2017)
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This book analyses subsidies from various perspectives and creates
a model that determines whether or not their use is justified.
Further, it analyses the various causes of trade distortion,
trade-discriminatory practices, and other issues associated with
unregulated subsidies. In addition, the book considers how these
issues fall within the scope of subsidies described under the SCM
Agreement. The primary discussion from the perspective of WTO
objective concerns the trade practice of awarding subsidies, for
exports and also for protectionist purposes. Here, the terms
justifiable and non-justifiable are used as hypothetical parameters
to determine the extent of state support, considering the country
classification based on economic and technological criteria, and
their objectives for development. These parameters are distinct
from Prohibited, Actionable, and Non-Actionable subsidies, as
classified under the SCM Agreement. Subsidies awarded for the
purposes of development and for welfare are considered as
justifiable, whereas subsidies for the promotion of exports or
state measures adopted for protectionist purposes are
non-justifiable. Lastly, the book addresses the implications of
such subsidies on the core objectives of the WTO and in connection
with fair trade values.
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