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Green Subsidies and Countervailing Duty Investigations: Some Implications from Recent Examples of Korea

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Abstract

The WTO’s Agreement on Subsidies and Countervailing Measures (“SCM Agreement”) plays an important role in ensuring a level playing field in international trade. The agreement captures illegal subsidization practices that have distorting effects on global trade. The number of disputes involving subsidy has been in steady increase, and at the same time subsidy disputes are becoming ever more complex in many respects. In the meantime, the fact that the agreement turns a blind eye to the legitimacy of governmental policies, as it currently stands, has also drawn increasing criticism as well. For instance, the agreement does not contain a general exceptions clause as found in Article XX of the General Agreement on Tariffs and Trade 1994 (“GATT 1994”). Nor does Article XX of GATT 1994 apply to this agreement either.

Keywords

Large Corporation Green Program Personnel Expense Enhance Energy Efficiency Green Partnership 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Seoul National University School of LawSeoulSouth Korea

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