Difference between revisions of "Export subsidy"

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(Created page with "A direct or indirect compensation provided by government to private commercial firms to promote exports of domestic products. Article 16 of the GATT considers that export subsidi...")
 
 
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[[Category: Agriculture]]
 
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[[Category: Political Science]]
 
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Latest revision as of 22:12, 23 December 2019

A direct or indirect compensation provided by government to private commercial firms to promote exports of domestic products. Article 16 of the GATT considers that export subsidies are unfair competition and allows countervailing duties to be imposed on subsidized products. Indirect methods of export subsidization include government subsidized financing for exports, export promotion and information activities, tax benefits, or other forms of assistance that may lead to lower than normal costs for exported products. The Uruguay Round Agreement on Agriculture imposes limits on agricultural export subsidies.

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