Export Subsidies: Theory, Evidence and the WTO Agreement on Subsidies

The WTO Agreement on Subsidies and Countervailing Measures (SCM Agreement) framed in the Uruguay Round governs the conduct of member countries with respect to export subsidies. An important aspect of the current provisions of the Agreement is that while export subsidies are prohibited for the developed countries, certain developing countries have been exempted from the prohibition on such subsidies for non-agricultural products. 1 These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.