Subsidies in the Context of the WTO's Free Trade System

A Legal and Economic Analysis

Business & Finance, Business Reference, Business Law, Nonfiction, Reference & Language, Law, International
Cover of the book Subsidies in the Context of the WTO's Free Trade System by Gurwinder Singh, Springer International Publishing
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Author: Gurwinder Singh ISBN: 9783319624228
Publisher: Springer International Publishing Publication: September 4, 2017
Imprint: Springer Language: English
Author: Gurwinder Singh
ISBN: 9783319624228
Publisher: Springer International Publishing
Publication: September 4, 2017
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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