According to the General Agreement on Tariffs and Trade, a subsidy is a government financial contribution that allots a benefit to a specific industry or enterprise.

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The General Agreement on Tariffs and Trade (GATT) defines a subsidy as a financial contribution by a government or any public body within the territory of a Member, which confers a benefit. This can include direct transfers of funds, potential direct transfers of funds or liabilities, government revenue that is otherwise due is foregone or not collected, and government provision of goods or services other than general infrastructure, or purchases of goods.

According to the General Agreement on Tariffs and Trade, a Subsidy