Speciality Agro Products Ltd. requires clarity about the special provisions about agricultural subsidies so that the company is not subject to countervailing measures. As Company Secretary of the said company, advise the

Subsidy is a benefit provided to a particular class of persons when they meet a certain specified criteria. The subsidy would become unfair, when by virtue of the benefit so provided, it creates an unfair advantage to such class of persons, providing better than needed competitive advantage and diluting the level playing field in internationally competitive price sensitive market. In terms, if subsidy causes business injury to traders of other countries, they can challenge it at WTO and impose Countervailing duty so as to provide level field for their traders.