Commitments And Flexibilities In The Wto Agreement On Subsidies And Countervailing Measures
(35) `Countervailing duty` means a special duty levied to offset any subsidies granted directly or indirectly to the production, manufacture or export of goods referred to in Article VI(3) of the GATT 1994. Where the domestic industry has been designed to concern producers in a given area, i.e. a market within the meaning of paragraph 2, countervailing duties shall be levied only on the products concerned dispatched to that area for final consumption. If the DSD`s recommendation is not followed within the time limit set by the body, which begins on the date of adoption of the report of the body or the report of the appellate body, the DSD shall authorise the requesting member to take appropriate countermeasures (9) unless the DSB mutually decides to reject the request. subsidies to cover the operating losses of a sector; The ability of countries to promote and protect their domestic industry in the face of fierce global competition is an important aspect of any trade agreement. World Trade Organization member states should comply with the WTO agreement on subsidies and countervailing measures, but to what extent do WTO members have policy space to subsidize their industries? Based on an economically sound framework, Caiado is studying the flexibility that countries can find in the WTO to provide subsidies and collect tariffs to protect certain industries. By testing the contractual system of claims and enforcement mechanisms against the incomplete contract theory, this work offers a comprehensive analysis of the SCM convention`s ability to achieve its objective: the simultaneous regulation of opportunistic behavior and the guarantee of ex post flexibility. Members shall take all necessary measures to ensure that the introduction of a countervailing duty (35) on products imported into the territory of another Member complies with Article VI of GATT 1994 and the provisions of this Agreement. .
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