Abstract
The trade practices of giving subsidies are normally defined as financial support in cash or in kind, if made in favour of an undertaking by the state. This support can either be direct or indirect in form, for the goods or services that any such industry produces. Trade-subsidy supported by the national government often leads to the distortion of efficient and competitive market system or can either be a protectionist measures, and hence, violates the underlying principles of fair-trade. Fair trade principle although not emphasised as the main trading principles of governing free trade, however is effectuated as a regulatory measure through the SCM Agreement provisions.
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