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green box subsidy

green box subsidy
 n.— «The nub of the dispute over Mr Dunkel’s plan is that it does not classify the direct payments the EC wants to make to farmers to cut production and reduce exports as so-called “green box” subsidies—allowable under Gatt rules because they do do not distort world trade.» —“EC Ministers Reject Gatt Solution” Financial Times (U.K.) Dec. 24, 1991. (source: Double-Tongued Dictionary)

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