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Vol 25 No 2 Feb/March 2020

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Commitments and Flexibilities in the WTO Agreement on Subsidies and Countervailing Measures: An Economically Informed Analysis


ISBN13: 9781108474320
Published: June 2019
Publisher: Cambridge University Press
Country of Publication: UK
Format: Hardback
Price: £85.00



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The ability of countries to promote and protect their domestic industries in the face of stiff global competition is an important consideration in any trading agreement. Member states of the World Trade Organization are expected to adhere to the WTO Agreement on Subsidies and Countervailing Measures, but to what extent do the WTO Members have policy space to subsidize their industries? Using an economically informed framework, Caiado examines the flexibilities countries may find at the WTO to grant subsidies and impose tariffs to protect designated industries. By testing the Treaty system of entitlements and enforcement mechanisms against the theory of incomplete contract, this work offers a comprehensive analysis of the capacity of the SCM Agreement to achieve its goal: the concomitant regulation of opportunistic behavior and assurance of ex post flexibility.

  • Proposes a novel approach to understand the WTO rules on industrial subsidies
  • Makes use of an economically informed legal framework to analyze the use of subsidies by states
  • Makes concrete proposals to amend the WTO rules

Subjects:
International Trade
Contents:
1. Introduction
2. Contractual aspects of treaties
3. The economics of subsidies
4. The SCM as an incomplete contract
5. Defining uncertainty in the SCM agreement
6. Final remarks and policy recommendations
Bibliography.

Series: Cambridge International Trade and Economic Law

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Shareholders' Claims for Reflective Loss in International Investment Law ISBN 9781108489430
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Judicial Acts and Investment Treaty Arbitration ISBN 9781316648209
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Establishing Judicial Authority in International Economic Law ISBN 9781316601105
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Freedom of Transit and Access to Gas Pipeline Networks Under WTO Law ISBN 9781316615249
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The Public International Law of Trade in Legal Services ISBN 9781108423526
Published November 2018
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The Public International Law of Trade in Legal Services (eBook) ISBN 9781108530392
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£81.60
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Reclaiming Development in the World Trading System 2nd ed ISBN 9781107491571
Published June 2018
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Developing Countries and Preferential Services Trade ISBN 9781316603673
Published June 2018
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Judicial Acts and Investment Treaty Arbitration ISBN 9781107198463
Published January 2018
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Judicial Acts and Investment Treaty Arbitration (eBook) ISBN 9781108187541
Published January 2018
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£21.60
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£26.40
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The Social Foundations of World Trade: Norms, Community and Constitution ISBN 9781108441933
Published September 2017
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Freedom of Transit and Access to Gas Pipeline Networks Under WTO Law ISBN 9781107163645
Published April 2017
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Freedom of Transit and Access to Gas Pipeline Networks Under WTO Law (eBook) ISBN 9781316732304
Published April 2017
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£26.40
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Reclaiming Development in the World Trading System 2nd ed ISBN 9781107098930
Published October 2016
Cambridge University Press
Developing Countries and Preferential Services Trade ISBN 9781107147560
Published July 2016
Cambridge University Press
The WTO and International Investment Law: Converging Systems ISBN 9781107009707
Published January 2016
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The Law, Economics and Politics of International Standardisation ISBN 9781107128330
Published December 2015
Cambridge University Press
The Social Foundations of World Trade: Norms, Community and Constitution ISBN 9781107036611
Published January 2015
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Public Participation and Legitimacy in the WTO ISBN 9781107067820
Published October 2014
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The Challenge of Safeguards in the WTO ISBN 9781107071780
Published September 2014
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General Interests of Host States in International Investment Law ISBN 9781107050235
Published May 2014
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The Multilaterization of International Investment Law ISBN 9781107636507
Published January 2014
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Law, Economics and Politics of Retaliation in WTO Dispute Settlement ISBN 9781107655355
Published January 2014
Cambridge University Press
African Regional Trade Agreements as Legal Regimes ISBN 9781107670303
Published November 2013
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Domestic Judicial Review of Trade Remedies: Experiences of the Most Active WTO Members
Edited by: Muslum Yilmaz
ISBN 9781107022232
Published January 2013
Cambridge University Press
African Regional Trade Agreements as Legal Regimes ISBN 9780521769839
Published July 2011
Cambridge University Press
Law, Economics and Politics of Retaliation in WTO Dispute Settlement ISBN 9780521119979
Published January 2010
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The Multilaterization of International Investment Law ISBN 9780521762366
Published September 2009
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