Common Contracts
1 similar Agreement on Subsidies and Countervailing Measures contracts
Agreement on subsidies and countervailing measures pdfAgreement on Subsidies and Countervailing Measures • March 30th, 2021
Agreement Establishing the World Trade Organization Agreement on Subsidies and Countervailing Measures Members hereby agree as follows: PART I: GENERAL PROVISIONS Article 1: Definition of a Subsidy 1.1 For the purpose of this Agreement, a subsidy shall be deemed to exist if: (a)(1) there is a financial contribution by a government or any public body within the territory of a Member (referred to in this Agreement as "government"), i.e. where: (i) a government practice involves a direct transfer of funds (e.g. grants, loans, and equity infusion), potential direct transfers of funds or liabilities (e.g. loan guarantees); (ii) government revenue that is otherwise due is foregone or not collected (e.g. fiscal incentives such as tax credits);1 (iii) a government provides goods or services other than general infrastructure, or purchases goods; (iv) a government makes payments to a funding mechanism, or entrusts or directs a private body to carry out one or more of the type of functions illust
