The Uruguay Round Agreement deal with subsidies which are:Select one:a.Prohibited subsidiesb.Actionable subsidiesc.Non-Actionable subsidiesd.All of the above
Question
The Uruguay Round Agreement deal with subsidies which are:Select one:a.Prohibited subsidiesb.Actionable subsidiesc.Non-Actionable subsidiesd.All of the above
Solution
d. All of the above
The Uruguay Round Agreement deals with all types of subsidies including prohibited subsidies, actionable subsidies, and non-actionable subsidies.
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Prohibited subsidies: These are subsidies that are contingent, in law or in fact, upon export performance, or upon the use of domestic over imported goods. They are prohibited because they are specifically designed to distort international trade, and are therefore likely to hurt other countries' trade.
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Actionable subsidies: In this case, it is not the subsidy itself that is prohibited,
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