Synonyms:
anti-subsidy duty; 反贴补贴
Countervailing duty (反补贴税 fǎn bǔ tiē shuì) is a type of trade import duty approved by the World Trade Organization in order to harmonize the adverse impacts of subsidies.
Part 1: Breakdown of Words
- “Counter” means “反” (fǎn) or “逆” (nì) in Chinese, as in “counterattack” (反击 fǎn jī), or “countercyclical” (逆周期 nì zhōu qī).
- “补贴” (bǔ tiē) means “subsidy” in Chinese. “补贴” (bǔ tiē) as in “subsidy funds” (补贴资金 bǔ tiē zī jīn).
- “Duty” (税 shuì) as in “duty-free shop” (免税店 miǎn shuì diàn), or “import duty” (进口税 jìn kǒu shuì).
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