Agreement on subsides and countervailing measures: Need for clarification and improvement

The Doha Ministerial Declaration that launched the new round of multilateral trade negotiations in November 2001 envisages that the negotiations in the area of WTO rules would be aimed at inter alia “clarifying and improving disciplines under the Agreements on Implementation of Article VI of GATT 1994 and on Subsidies and Countervailing Measures”. This study by Professor Anwarul Hoda and Dr. Rajeev Ahuja evaluates the Agreement on Subsidies and Countervailing Measures (ASCM) from the perspective of India and identifies improvements and clarifications that India must seek during the Doha Round.