| Webster's Online Dictionary |
| Expressions | Definition | ||
| Export subsidy | Export Subsidy is the incentives paid to the exporter on the commodity & quantity exported, the export subsidy are provided by the governments in the forms of Duty Drawbacks, Viz. DEPB(Duty Entitlement Passbook), DFRC (Duty Free Replinishment Certificate), Advance License etc which can be used against The exemption of Import Duties,However The DEPB can be transferable, it can be sold out to the Importer. (references) | ||
Source: compiled by the editor from various references; see credits. | Top | ||
| Expressions | Domain | Definition | |
| Export subsidy | Agriculture | A direct or indirect compensation provided by government to private commercial firms to promote exports of domestic products. Article 16 of the GATT considers that export subsidies are unfair competition and allows countervailing duties to be imposed on subsidized products. Indirect methods of export subsidization include government subsidized financing for exports, export promotion and information activities, tax benefits, or other forms of assistance that may lead to lower than normal costs for exported products. The Uruguay Round Agreement on Agriculture imposes limits on agricultural export subsidies. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
