TF3 Trade, Investment and Growth
RESTRUCTURING THE WTO REGULATORY FRAMEWORK ON INDUSTRIAL SUBSIDIES: SUSTAINABILITY, FREE TRADE AND PROSPERITY

ABSTRACT

Industrial subsidies have long been a controversial topic for the World Trade Organization (WTO) and the G20. The debate was rekindled by the COVID-19 crisis, which compels countries to support their economies through subsidies. This policy brief will suggest reforming
the notion of subsidy under the Agreement on Subsidies and Countervailing Measures (ASCM) in a broader sense, as well as the tripartite structure of prohibited, actionable and allowed subsidies, so as to promote sustainable development as a legitimate justification for
state intervention. Finally, we will ponder how to enhance transparency and how plurilateral interim solutions may help in overcoming the current stalemate
lobal excess capacity.

AUTHORS

Filippo Bizzotto
Scuola di Politiche

Vasilis Livieratos
Université libre de Bruxelles (ULB)

Pierfrancesco Mattiolo
Scuola di Politiche

Paolo Mazzotti
Graduate Institute of International and Development Studies

Gianmatteo Sabatino
Zhongnan University of Economics and Law

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