Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Comparative Overview of EU and US Subsidies Regulation

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

The international regulatory framework of governmental subsidies is provided by the subsidies and countervailing measures (SCMA). The SCMA allows WTO Members to deviate from the principles of binding commitments in trade liberalization and nondiscrimination amongst imports from different Members when such imported products benefit from an artificial competitive advantage. The SCMA completed the multilateral framework on subsidies which was based until then on arts VI, XVI, XXII, and XXIII General Agreement on Tariffs and Trade (GATT). The European Community (EC) has incorporated the terms of the SCMA in its Regulation on protection against subsidised imports from countries not members of the EC. The implementing legislation for the Uruguay Round preserved the same basic structure of the US countervailing duties laws. Arts 3 and 4 Basic Regulation create a categorization of subsidies as either "countervailable" or "non-countervailable".

Keywords: European Community (EC); GATT; subsidies; subsidies and countervailing measures (SCMA); Uruguay Round; WTO Members



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    WTO - Trade Remedies — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation