ABSTRACT
The Uruguay Round of trade negotiations offers the opportunity to find a solution to the problem raised by the application of subsidies in international trade. This problem is dealt with in the General Agreement on Tariffs and Trade through the Code of Subsidies and Countervailing Measures, adopted at the end of the Tokyo Round of Multilateral Trade Negotiations. The problems usually raised in connection with subsidies and countervailing measures may be viewed from two very different standpoints. The first being the purely specific view point, which from the outset aims at proposing specific solutions, such as, for example, the need to improve the definition of "like product", "industry" or "injury". The second is diametrically opposed to this: before making any specific proposals, it prefers to conceptualize the problem as a whole, and then go on to overall proposals, and lastly, specific proposals.
