As understood in the General Agreement on Tariffs and Trade,a subsidy is a government financial contribution that confers a benefit on a specific industry or enterprise.

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As understood in the General Agreement on Tariffs and Trade, a subsidy is a government payment to a specific industry or enterprise. Subsidies can be direct transfers of funds, such as loans and grants; loan guarantees; tax credits; government procurement; and price supports.

As Understood in the General Agreement on Tariffs and Trade,a