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Consider the following statements:
1. Subsidies that do not distort trade, or at most cause minimal distortion.
2. They are government-funded and must not involve price support.
3. They also include environmental protection and regional development programmes.
4. These are allowed without limits, provided they comply with the policy-specific criteria.
Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?
- a)Amber Box
- b)Blue Box
- c)Development Box
- d)Green Box
Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements:1. Subsidies that do not distort tra...
- Subsidies under Agreement of Agriculture of WTO are categorized into:
- Green Box:
- Subsidies that do not distort trade, or at most cause minimal distortion.
- They are government-funded and must not involve price support.
- They also include environmental protection and regional development programmes.
- “Green box” subsidies are therefore allowed without limits, provided they comply with the policy-specific criteria.
- Amber Box:
- All domestic support measures considered to distort production and trade (with some exceptions) fall into the amber box as all domestic supports except those in the blue and green boxes.
- These include measures to support prices, or subsidies directly related to production quantities.
- Blue Box:
- This is the “amber box with conditions”. Such conditions are designed to reduce distortion.
- Any support that would normally be in the amber box is placed in the blue box if the support also requires farmers to limit production.
- At present, there are no limits on spending on blue box subsidies.
- Development Box:
- The agriculture Agreement allows developing countries additional flexibility in providing domestic support.
- The type of support that fits into the developmental category are measures of assistance, whether direct or indirect, designed to encourage agricultural and rural development and that are an integral part of the development programmes of developing countries.
- Hence, option D is correct.
- Green Box:
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Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Subsidies that do not distort trade, or at most cause minimal distortion.2. They are government-funded and must not involve price support.3. They also include environmental protection and regional development programmes.4. These are allowed without limits, provided they comply with the policy-specific criteria.Which of the above statements most appropriately describe the subsidies allowed under the Agreement of Agriculture of WTO?a)Amber Boxb)Blue Boxc)Development Boxd)Green BoxCorrect answer is option 'D'. Can you explain this answer?.
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