Tsuyoshi, KAWASE - Research Institute of Economy, Trade and Industry (RIETI) - 2011
interventions are subject to multilateral surveillance by relevant WTO committees and the Trade Policy Review Body (TPRB … 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 …