This article is to analyze the contents of the agreement on subsidies in World Trade Organization and to investigate the issues of law concerning the revision of the agreement in Doha Development Agenda of WTO. The main focus will be placed to explain...
This article is to analyze the contents of the agreement on subsidies in World Trade Organization and to investigate the issues of law concerning the revision of the agreement in Doha Development Agenda of WTO. The main focus will be placed to explain the relationship between government subsides and the codes of individual agreement on subsidies in WTO, which is an organization of enacting, amending and revising international trade-related rules by mutual consent.
To resolve the issues on subsidies, a pending problem, we can consider the following measures as conclusion.
First, revising the agreement on subsidies in WTO could be a way to settle the problem. It's almost impossible, however, that we establish our own-interesting international rules given our country's position in the international society
Second, withdrawal from the member of WTO could be another way to resolve the pending issue. But the cost of this policy would be tremendous.
Third, changing our domestic policy in accordance with WTO rules could be the third way. This would be a realistic policy. The point is how the weak domestic industry lacking the government subsidies could be managed to survive.
Lastly, we could negotiate strategically with member countries in the rounding table and draw a favorable position to our country by presenting logical reasons and persuading member countries.