Terms-of-Trade: A Criterion for Trade Disputes Settlement

By Rosmy Jean Louis, Pumulo V. Roddy on November 24, 2003
This paper reviews existing studies on trade-distorting subsidies and their impact on trade in Canada, the U.S. and the EU15 as well as the measures that have been undertaken by the GATT and most recently, the WTO for detecting problems related to over subsidization and resolving trade disputes. The paper suggests the use of terms-of-trade as a better indicator for detecting and resolving trade disputes.

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IISD, 2003