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Part III World Trade Law and Regional Trade Agreements, XIX Subsidies and Anti-dumping Measures

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 25 November 2020

Subject(s):
Subsidies — Anti-dumping — Specific trade agreements
State subsidies are a major factor in the distortion of international competition.1 Industrialized countries account for the great bulk of subsidies (especially in the agricultural sector). Although subsidies are a popular instrument of State intervention in the economy, the GATT only addresses them in a rather rudimentary and timid way. Under the general provision of Article XVI:1 of the GATT, subsidies, which may change competitive conditions in favour of domestic products, must be notified. Paragraphs 2 to 4 of Article XVI of the GATT specifically refer to...
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