RESTRICTED
WORLD TRADE G/SCM/Q2/KOR/5
1October 1996
ORGANIZATION(96-3939)
Original: English Committee onSubsidies andCountervailing Measures
SUBSIDIES
Questions from POLAND Regarding theNew
andFullNotification ofKOREA1
Thefollowing communication, dated 20September 1996, hasbeenreceived fromthePermanent
Mission ofPoland.
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Reserves forExport Losses andReserves forOverseas Market Development
Wefindboththeseschemes aprohibited subsidy stipulated inArticle 3oftheSCM Agreement
asinbothcasestheamount ofaid(hereataxconcession) isconnected indirectly withexport performance
oftheenterprise. Ifyes,hasKorea notified these subsidies pursuant toArticle 28.1oftheSCM
Agreement? Prohibited subsidies aretobebrought intoconformity withtheprovisions oftheSCM
Agreement within three years, while Korea wants toapply these schemes untiltheendof1998, could
Korea present itsinterpretation ofthese schemes which makes itpossible tomaintain them inforce
untilDecember 1998?
1G/SCM/N/3/KOR/Rev.1