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Commitments and Flexibilities in the WTO Agreement on Subsidies and Countervailing Measures - An Economically Informed Analysis (Hardcover)
Loot Price: R3,171
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Commitments and Flexibilities in the WTO Agreement on Subsidies and Countervailing Measures - An Economically Informed Analysis (Hardcover)
Series: Cambridge International Trade and Economic Law
Expected to ship within 12 - 19 working days
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The ability of countries to promote and protect their domestic
industries in the face of stiff global competition is an important
consideration in any trading agreement. Member states of the World
Trade Organization are expected to adhere to the WTO Agreement on
Subsidies and Countervailing Measures, but to what extent do the
WTO Members have policy space to subsidize their industries? Using
an economically informed framework, Caiado examines the
flexibilities countries may find at the WTO to grant subsidies and
impose tariffs to protect designated industries. By testing the
Treaty system of entitlements and enforcement mechanisms against
the theory of incomplete contract, this work offers a comprehensive
analysis of the capacity of the SCM Agreement to achieve its goal:
the concomitant regulation of opportunistic behavior and assurance
of ex post flexibility.
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