“As a global community, we also value fairness and competitiveness in international markets. The rules that govern international trade were created precisely to level the global playing field and ensure fair competition that drives innovation and benefits consumers. But some governments still support (or subsidise) certain firms or domestic industries to give them a leg up on the competition. This can happen for a number of reasons, but is ultimately to the detriment of consumers, businesses, and jobs. We often don’t know who the “real” winners would be if the competition were truly fair.”
Check out one of the latest OECD opinion pieces, this one on why government subsidies are bad for global competition.
The full piece is available here: https://www.oecd.org/trade/why-subsidies-are-bad-global-competition
In case you missed it: in February, an OECD opinion piece looked at government subsidies and overfishing. The article can be found here: https://www.oecd.org/agriculture/government-subsidies-overfishing
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