UK-India CETA Chapter 18: Subsidies
Text of chapter 18 of the Comprehensive Economic and Trade Agreement (CETA) between the United Kingdom of Great Britain and Northern Ireland and India.
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This chapter reaffirms and builds upon existing World Trade Organization (WTO) subsidy rules.
Unfair practices in providing subsidies undermine trust in the rules-based trading system and prevent UK businesses from competing fairly with foreign businesses.
The chapter does not prescribe the specifics of subsidy control arrangements for the UK or India, but instead provides for transparency in subsidies granted, and for appropriate means to raise concerns where they arise, complementing the tools available through the WTO.
The agreement is not yet in force. Both the UK and India are required to complete their respective domestic procedures for the agreement to come into effect. Once ratified by both countries, businesses will be able to trade under its terms.