Subsidies and Countervailing Duties

Paper Summary:

Subsidies and countervailing duties have a lot of importance where different countries are concerned. This is especially true of countries that are just developing. Third World development is becoming very important today, and many of the multilateral trade negotiations that are taking place are changing the prospects for these countries. It is important, therefore, to look at these trade negotiations and what they will do to the subsidies and countervailing duties for many of these countries. For purposes of this paper, the United States and Canada and any subsidies that they give are not examined. Instead, the focus is on countries that are in the Third World and that are just developing. The scope of the paper looks at these Third World countries and the multilateral trade negotiations that they deal with in order to help determine the prospects that they have for continued growth.

From the Paper:

"Even though this seems somewhat unfair, it actually is not because many of these countries are still finding their way when it comes to trade agreements, subsidies, and countervailing duties. They must be allowed more freedom so that they are able to find ways to make use of many of the tariffs that they have and the subsidies that have not either been banned or restricted. This will help them to continue their goal of promoting development within their nations. It seems as though there may soon be further restrictions placed on them when multinational trade negotiations are looked at once again. In order to help avoid the problems that would come from this, the Third World countries should act now to exercise the autonomy that they currently have. If they do not, they may soon lose this autonomy and be even more restricted them they are now."

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