The legal foundations and importance of subsidy regulation in the WTO framework

The article provides a comprehensive examination of the legal foundations and importance of subsidy regulation under the World Trade Organisation, focusing on the effects of subsidies on international trade and the necessity of WTO agreements on subsidy regulation. The article delves into the impact of subsidies on international trade, emphasising how they can distort markets, create unfair competition, and hinder economic growth. It highlights the role of subsidy regulation in promoting a level playing field and ensuring fair competition in global trade. The study discusses key WTO agreements that provide rules and disciplines for subsidy use. This research contributes to understanding the role of subsidy regulation in promoting fair trade and a level playing field in global commerce.