export subsidy

Definition

Government help to exporters, generally in two forms (1) Service subsidy: trade information, trade shows, feasibility studies, foreign representation, etc. (2) Cash subsidy: (a) rebate on imported raw materials and duty-free import of manufacturing equipment (called indirect cash subsidy); or (b) drawback as a percentage of the value of exports (called direct cash subsidy). Although World trade Organization (WTO, formerly GATT) recognizes that subsidies hinder fair competition and distort trade practices, it has not been able to define precisely what kind of assistance constitutes a subsidy.

单词	export subsidy
释义	export subsidy Definition Government help to exporters, generally in two forms (1) Service subsidy: trade information, trade shows, feasibility studies, foreign representation, etc. (2) Cash subsidy: (a) rebate on imported raw materials and duty-free import of manufacturing equipment (called indirect cash subsidy); or (b) drawback as a percentage of the value of exports (called direct cash subsidy). Although World trade Organization (WTO, formerly GATT) recognizes that subsidies hinder fair competition and distort trade practices, it has not been able to define precisely what kind of assistance constitutes a subsidy.
随便看	cash market cash merger cash method cash neutral cash-on-cash return cash on delivery (COD) cash on hand cash order cash out cashout cash outflow cash-out merger cashout merger cash out of vested benefits cash-out refinance cash overdraft cash payback period cash payment cash payment to suppliers cash plus convertible cash pooling cash price cash rate cash ratio cash receipt