Singapore legislation
Regulation 24
Regulation 24
De minimis level of countervailable subsidy
Subregulation 1
An amount of countervailable subsidy is considered to be de minimis under section 10(3)(a) of the Act —
if the countervailable subsidy when expressed as an ad valorem percentage is less than 1%; or
where the country of export is a developing country but not a developing country specified in paragraph (2), if the countervailable subsidy when expressed as an ad valorem percentage is not more than 2%.
Subregulation 2
A developing country is specified for the purposes of paragraph (1)(b) if it is —
a member country that has eliminated export subsidies before 1 January 2003; or
a member country referred to in Annex VII of the Agreement on Subsidies and Countervailing Measures.
Subregulation 3
In this regulation, “member country” means a country which is a party to the World Trade Organisation Agreement.