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The Regulation of International TradeThe WTO Agreements on Trade in Goods$
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Petros C. Mavroidis

Print publication date: 2016

Print ISBN-13: 9780262029995

Published to MIT Press Scholarship Online: January 2017

DOI: 10.7551/mitpress/9780262029995.001.0001

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(p.185) 3 Subsidies
The Regulation of International Trade

Petros C. Mavroidis

The MIT Press

The historical development of the subsidies and countervailing duties is traced as one of the three contingent protection instruments of the WTO. The chapter discusses the two types of prohibited subsidies (local content and export subsidies) and the principle that members should avoid causing adverse effects to other WTO members through the use of other subsidies. Further it discusses the appropriate situations and process for imposing countervailing duties under the Subsidies and Countervailing Measures Agreement.

Keywords:   Subsidies, Contingent Protection, Countervailing Duties, Prohibited Subsidies

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