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Rethinking International Subsidy Rules. Bertelsmann Working Paper 28/02/2020

Hoekman, Bernard and Nelson, Douglas (2020) Rethinking International Subsidy Rules. Bertelsmann Working Paper 28/02/2020. [Working Paper]

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    Geo-economic tensions and global collective action problems call for international cooperation to revise and de-velop rules to guide both the use of domestic subsidies and responses by governments to cross-border competition spillover effects. Current WTO rules that divide all subsidies into either prohibited or actionable cate-gories are no longer fit for purpose. Piecemeal efforts in preferential trade agreements and bi- or trilateral configurations offer a basis on which to build, but are too narrow in scope and focus. Addressing the spillover ef-fects of subsidies could start with launching a work program at the 12th Ministerial Conference of the WTO to mobilize an epistemic community concerned with subsidy policies, tasked with building a more solid evidence base on the magnitude, purpose and effects of subsidy policies.

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    Item Type: Working Paper
    Uncontrolled Keywords: Trade agreements, subsidies, spillovers, international cooperation, WTO
    Subjects for non-EU documents: Other international institutions > GATT/WTO
    EU policies and themes > External relations > international trade
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bertelsmann Stiftung/Foundation (Gutersloh, Germany) > Working Paper
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 03 Mar 2020 09:54
    Number of Pages: 36
    Last Modified: 04 Mar 2020 15:20

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