Tsuyoshi, KAWASE - Research Institute of Economy, Trade and Industry (RIETI) - 2011
failure. At the same time, however, they are governed by the WTO Agreement on Subsidies and Countervailing Measures (SCM … Services (GATS). Being trade-restrictive in nature, these measures are subject to countervailing duties or constitute a … violation of the WTO agreements. However, WTO provisions on subsidies are not explicit about welfare criteria for such measures …