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WTO Disciplines on Subsidies and Countervailing Measures (Balancing Policy Space and Legal Constraints) by Coppens, Dominic is a scholarly article available to read on EtoBox.
What is WTO Disciplines on Subsidies and Countervailing Measures (Balancing Policy Space and Legal Constraints) about?
The scope of the SCM Agreement A subsidy within the meaning of the SCM Agreement exists if two distinctive elements are present: (i) a financial contribution by a government (or any form of income or price support in the sense of Article XVI of the GATT); and (ii) a benefit is thereby conferred. 1 To be subject to the disciplines of the SCM Agreement and countervailable, this subsidy must also be specific. 2 The SCM Agreement's dual objective could be advanced to support a broad as well as a narrow interpretation of this specific subsidy definition: the objective of strengthening subsidy disciplines supports a broad interpretation, whereas the objective of limiting the reach of CVDs rather suggests a narrow interpretation. Hence, to paraphrase the Appellate Body, 'considerations of the object and purpose of the SCM Agreement do not favour either a broad or a narrow interpretation' of the subsidy definition. 3 3.1 Financial contribution by a government or income or price support 3.1.1 Financial contribution Article 1.1(a)(1) of the SCM Agreement points to three different kinds of financial contribution: 4 1 Article 1.1 of the SCM Agreement. For the normative discussion on the scope
- Author
- Coppens, Dominic
- Publisher
- Cambridge University Press (Virtual Publishing)
- Published
- 2014
- Language
- EN
- ISBN
- 9781306716390