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- W2489879960 abstract "One of the most controversial aspects of international trade policy has centered about the effects of subsidies on trade and the international allocation of resources. Economic purists have long argued that any ill effects largely fall on nations which subsidize exports, while importing nations (or, more precisely, consumers in these nations) receive what amount to windfall gains from subsidized imports. In spite of this, most international pressure to stem export subsidies has originated from importing nations fearful that subsidized exports will be disruptful of domestic production of substitutable products. As a consequence, the “Tokyo Round” of multilateral trade negotiations gave birth to an agreement to regulate subsidies to some classes of exported products. This agreement, formally entitled the “Agreement on Interpretation and Application of Articles VI, XVI, and XXIII of the General Agreement on Tariffs and Trade”, served to strengthen and clarify existing articles of the GATT pertaining to export subsidies1 and applicable countervailing measures. Nations which are party to the Agreement (not all GATT signatory nations are) agreed to modify relevant national laws to bring these into line with the Agreement." @default.
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- W2489879960 date "1987-01-01" @default.
- W2489879960 modified "2023-09-23" @default.
- W2489879960 title "World Trade Law and Government Subsidies to Industrial Innovation" @default.
- W2489879960 doi "https://doi.org/10.1007/978-1-349-08086-1_3" @default.
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