The legal framework of countervailing under WTO laws

الملخص EN

Currency manipulation has been a long-discussed topic in international trade law.

Back in the 1980s, one big topic in international trade was US dollar's overvaluation and Japanese yen's undervaluation, which was resolved after the Plaza Accord in 1985.1 Around 2010, Chinese yuan's undervaluation because of currency manipulation became a huge issue in the US.

Therefore, this paper will examine whether there is a venue to take some limited measures to counter currency manipulation under current WTO rules.