1945

Rules governing subsidies on industrial products

The GATT rules on subsidies stipulated in Article XVI have been clarified and elaborated by the Agreement on Subsidies and Countervailing Measures (SCM) and the Agreement on Agriculture. Broadly speaking, the provisions of the Agreement on SCM apply to industrial products; those of the Agreement on Agriculture cover agricultural products.

Related Subject(s): International Trade and Finance
/content/books/9789213618172s013-c013
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