Prohibited Subsidies. Article 3
Prohibited Subsidies. 1. The following subsidies that have or could have a significant negative effect on trade between the Parties shall be prohibited:
Prohibited Subsidies. 1) (2) The following subsidies shall be deemed to be specific under the conditions of Article 2 of the SCM Agreement and shall be prohibited for the purposes of this Agreement in so far as they adversely affect international trade of the Parties (3):
Prohibited Subsidies. 1. The following subsidies shall be prohibited for the purposes of this Agreement:
Prohibited Subsidies. 2.1 Members shall not grant or maintain any of the following subsidies
Prohibited Subsidies. Article 3 of the ASCM puts in the prohibited category two subsidies that cause the maximum distortion to trade, namely export subsidies and subsidies on the use of domestic over imported goods. As noted earlier, a presumption is created that these subsidies are specific subsidies within the meaning of the Agreement. Members are mandated not to grant or maintain these subsidies. An Illustrative List of export subsidies is contained in an annex to the Agreement. The prohibition does not apply to the agricultural products to the extent that they are covered by the Agreement on Agriculture.
Prohibited Subsidies. One of the main features of the FSA is that it prohibits certain harmful subsidies.
Prohibited Subsidies. ARTICLE 3
Prohibited Subsidies. ArticIe 3 of the ASCM puts in the prohibited category two subsidies that cause the maximum distortion to trade, nameIy export subsidies and subsidies on the use of domestic over imported goods. As noted earIier, a presumption is created that these subsidies are specific subsidies within the meaning of the Agreement. Members are mandated not to grant or maintain these subsidies. An IIIustrative List of export subsidies is contained in an annex to the Agreement. The prohibition does not appIy to the agricuIturaI products to the extent that they are covered by the Agreement on AgricuIture.
Prohibited Subsidies. Members shall not grant or maintain any of the following subsidies Subsidies to fishing vessels3 or fishing of fish stocks that are in an overfished condition4; Subsidies provided to any vessel or xxxxxxxx0 engaged in illegal, unreported and unregulated (IUU) fishing.6 Such vessels or operators shall be defined as those: Included in an IUU list of a Regional Fisheries Management Organisation or Arrangement or a relevant international organisation in accordance with the rules and procedures of that organisation and in conformity with principles of due process Identified by the flag State, the subsidising Member, or the coastal State in accordance with national regulations, laws and practices; Subsidies to vessels or operators engaged in illegal fish transhipment at sea; Capacity enhancing subsidies supporting large scale industrial fishing activities outside of the subsidizing Member's maritime jurisdiction; Subsidies for acquisition, construction, repair, renewal, renovation, modernization of fishing vessels, or any equipment that increases the ability of a fishing vessel to fish and to find fish7; Subsidies for operating costs including licence fees or similar charges, fuel, ice, bait, personnel, social charges, insurance, and at-sea support; or operating losses of such vessels or activities.
