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Commitments and Flexibilities in the WTO Agreement on Subsidies and Countervailing Measures
An Economically Informed Analysis


Part of Cambridge International Trade and Economic Law

  • Date Published: May 2019
  • availability: In stock
  • format: Hardback
  • isbn: 9781108474320

£ 85.00

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About the Authors
  • The ability of countries to promote and protect their domestic industries in the face of stiff global competition is an important consideration in any trading agreement. Member states of the World Trade Organization are expected to adhere to the WTO Agreement on Subsidies and Countervailing Measures, but to what extent do the WTO Members have policy space to subsidize their industries? Using an economically informed framework, Caiado examines the flexibilities countries may find at the WTO to grant subsidies and impose tariffs to protect designated industries. By testing the Treaty system of entitlements and enforcement mechanisms against the theory of incomplete contract, this work offers a comprehensive analysis of the capacity of the SCM Agreement to achieve its goal: the concomitant regulation of opportunistic behavior and assurance of ex post flexibility.

    • Proposes a novel approach to understand the WTO rules on industrial subsidies
    • Makes use of an economically informed legal framework to analyze the use of subsidies by states
    • Makes concrete proposals to amend the WTO rules
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    Product details

    • Date Published: May 2019
    • format: Hardback
    • isbn: 9781108474320
    • length: 274 pages
    • dimensions: 235 x 156 x 19 mm
    • weight: 0.53kg
    • availability: In stock
  • Table of Contents

    1. Introduction
    2. Contractual aspects of treaties
    3. The economics of subsidies
    4. The SCM as an incomplete contract
    5. Defining uncertainty in the SCM agreement
    6. Final remarks and policy recommendations

  • Author

    José Guilherme Moreno Caiado, Universität Hamburg
    José Guilherme Moreno Caiado concluded his Ph.D. at the DFG Graduate School 'The Economics of the Internationalization of the Law' at the Universität Hamburg. He held a Marie Curie Fellowship for the DISSETTLE project and is the co-organizer of the PEPA/SIEL Conference Series. His research and publications focus on public and private issues of compliance with international economic law.

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