On The Constituent Elements Of Interest Rate Subsidies Under The Scm Agreement

The countervailing duty is an important part in the WTO legal framework, theposition occupied in today’s world trade disputes is becoming more important. Interest ratesubsidies as an important form of subsidies, and get more and more people’s attention. Inthis paper, constitute the elements of interest rate subsidies, our comprehensive knowledgeand understanding of the importance of the WTO subsidies and countervailing rules,China’s domestic subsidy system and rate system reform, and to effectively resolve thecountervailing risks are of great significance.The SCM Agreement is the main source of law for the regulation of interest ratesubsidies."Sino-US countermeasures case, the Panel and the Appellate Body discussed theconstituent elements of the interest rate subsidy has an important inspiration. Interest ratesubsidies are four elements of composition, means that the main elements, behavioralelements, the result elements and subjective elements. The main elements is theGovernment or any public agency "identified; conduct element is the identification of"financial assistance "; results elements is the" gain "on the nature and extent of identified;subjective element is mainly due to the" special orientation "finds. China needs the lessonslearned in the "Sino-US countermeasures case, the interest rate system in China and theeconomic development model for further reforms to promote the process of marketizationof interest rates.