WTO Deal On Export Competition Sets New Rules Without Enforcement Mechanism
Updated: NAIROBI, Kenya – The World Trade Organization deal on export competition agreed here Saturday (Dec. 19) generally requires export subsidies to be eliminated by developed countries immediately and by developing countries in three years, but allows these deadlines to be extended to five and seven years respectively for developed and developing countries under certain conditions. None of the commitments in the export competition text are subject to dispute settlement and are therefore not binding in the...