WTO Agreement on Subsidies and Countervailing Measures

The WTO Agreement on Subsidies and Countervailing Measures sets rules to prevent countries from unfairly helping their industries through subsidies, which are financial supports. It aims to ensure that subsidies do not distort international trade or harm competitors in other countries. If one country believes another is unfairly subsidizing its exports, it can request corrective actions or impose countermeasures, like tariffs, but only within agreed limits. The agreement seeks a fair trading environment by regulating how subsidies are used and providing a framework to address disputes.