SEZs in the Multilateral Trading System

Arpita Mukherjee (), Parthapratim Pal, Saubhik Deb, Subhobrota Ray and Tanu M. Goyal
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Arpita Mukherjee: Indian Council for Research on International Economic Relations
Parthapratim Pal: Indian Institute of Management
Subhobrota Ray: Economist and Independent Consultant
Tanu M. Goyal: Indian Council for Research on International Economic Relations

Chapter Chapter 8 in Special Economic Zones in India, 2016, pp 171-198 from Springer

Abstract: Abstract Export-linked subsidies given to the manufacturing units under the Indian SEZ policy can be actionable under the WTO subsidies and countervailing measures (SCM) agreement. Until recently, India was allowed to give certain prohibited subsidies under Annex VII of the SCM Agreement. However, since India may soon graduate from the list of the least Annex VII countries, there is an urgent need to review the subsidies. The WTO is yet to develop a discipline on subsidies in services; therefore, India can continue to subsidise services. Given this scenario, this chapter suggests subsidies and policies that can benefit SEZs without drawing retaliatory actions under the present WTO rules.

Keywords: Corporate Social Responsibility; Capital Good; Special Economic Zone; Export Subsidy; Export Promotion (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-81-322-2806-6_8

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