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 … violation of the WTO agreements. However, WTO provisions on subsidies are not explicit about welfare criteria for such measures … programs, and draw up suggestions for WTO-consistent crisis measures.Under the framework of the WTO, trade-distortive state aid …