Abstract:State aid or subsidy programs are a common practice in developed and developing countries for supporting national companies. Despite the fact that they are strictly regulated by the WTO rules, BRICS countries actively apply this measure, even though they claim to adhere to the usual path of liberalization and trade cooperation. The aim of the paper is to reveal the distinguishing features of such programs in BRICS counties for trade in transport equipment. Using a crosscountry comparative analysis and case stu… Show more
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