Which of the following statements is/are correct about Countervailing Duties (CVDs)? 1. Countervailing Duties (CVDs) are tariffs levied on imported goods to offset subsidies made to producers of these goods in the exporting country. 2. The WTO’s General Agreement on Tariffs and Trade prohibits countries on imposing CVDs except Least Developing Countries (LDCs). Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statements is/are correct about Countervailing Duties (CVDs)? 1. Countervailing Duties (CVDs) are tariffs levied on imported goods to offset subsidies made to producers of these goods in the exporting country. 2. The WTO’s General Agreement on Tariffs an...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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