Countervailing measures

Countervailing measures

Action taken by the importing country, usually in the form of increased duties to offset subsidies given to producers or exporters in the exporting country.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International trade
Organization: WTO
Product:
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Related terms

countervailing measures

Economy; International trade

Action taken by the importing country, usually in the form of increased duties to offset subsidies given to producers or exporters in the exporting country.

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voluntary restraint arrangement (VRA)

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waiver

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Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.