Equitable share of the market
Equitable share of the market: an elusive concept enshrined in GATT Article XVI:3 (Subsidies) concerning allowable subsidies for primary products. Its meaning is not precise. One of the reasons for this was an understanding among GATT members at least since 1955 that it was desirable to satisfy world requirements of primary commodities in the most effective and economic manner, and that account should be taken of any special factors regarding the exporting country's share of world trade in the product concerned during a representative period. The panel in the French wheat and wheat flour case in 1958 made useful observations on the concept of "equitable share", but these have not been developed and refined by later panels. Article 9 of the Tokyo Round Agreement on
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
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Author of the text: W. Goode
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