Export Subsidy
Export Subsidy
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Summary of Export Subsidy
A direct payment, tax relief, or other incentive provided by a government to encourage export sales. The use of such devices is apt to be regarded as undesirable by the importing nation and may result in the imposition of Countervailing Duties (read this legal term for further details) to negate the effect of the subsidy.
(Main Author: William J. Miller)
Export Subsidy and the GATT Policy Negotiations
In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Export Subsidy: Any form of government payment or other benefit provided to domestic producers of goods destined for sale in foreign markets. Examples include preferential government financing, income tax holidays, and rebates of direct taxes on exported products. Reflecting the belief among the founders of GA TT that export subsidies can distort normal trading patterns, GATI' Article 16 proscribes export subsidies on non-primary products that result in lower prices in foreign markets than prices charged for the "like product" in the domestic market. The Tokyo Round yielded an agreement that extended Article 16 by banning all export subsidies by industrial countries on manufactured and semi-manufactured goods (see Subsidies Code). See also domestic subsidy and countervailing duty.
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See Also
Including similar content viewed by others, in case you missed it:
International Trade
Trade Regulation
International Economic Law
Export License
International Trade Law
Foreign Trade
Safeguard
Hierarchical Display of Export subsidy
Trade > Trade policy > Export policy > Export financing
Economics > Economic policy > Economic support > Export aid
Export subsidy
Concept of Export subsidy
See the dictionary definition of Export subsidy.
Characteristics of Export subsidy
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Export subsidy
Spanish: Subvención a la exportación
French: Subvention à l'exportation
German: Ausfuhrsubvention
Italian: Sovvenzione all'esportazione
Portuguese: Subvenção à exportação
Polish: Subwencja eksportowa
Thesaurus of Export subsidy
Trade > Trade policy > Export policy > Export financing > Export subsidy
Economics > Economic policy > Economic support > Export aid > Export subsidy
See Also
Including similar content viewed by others, in case you missed it: