I do not think that the infant industry argument is valid by the time that a protected industry is able to penetrate foreign market. Secondly, the national security argument has been heavily discussed in recent GATT forums. This argument argues that due to national security measures, certain domestic industries must be able to survive foreign competition and continue to operate inside the domestic market. For instance, many nations, believes that its domestic food production is necessary for maintaining national security measures. In case of war, disruptions in food supply may be inconvenient.
Many nations subsidizes their agricultural sectors.
Down the drain. Subsidies give Japan banks competitive edge. They reap as they snow. EC officials says Airbus is US scapegoat. EU sets air subsidies rule book, risking a political controversy.