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What is the significance of the “peace clause” at the World Trade Organization (WTO)?
- a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.
- b)It prohibits member countries from engaging in any form of military conflict related to trade matters.
- c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.
- d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.
Correct answer is option 'C'. Can you explain this answer?
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What is the significance of the “peace clause” at the Worl...
- Context: India has invoked the peace clause at the WTO for the fifth consecutive time for the marketing year 2022-23, as it breached the prescribed subsidy limit for rice.
- Despite breaching the 10% domestic support ceiling, there are no immediate repercussions due to the peace clause, which provides immunity until a permanent solution is found.
- India justifies its actions as necessary to meet domestic food security needs.
- The peace clause in the World Trade Organization (WTO) refers to an agreement that temporarily shields developing countries from legal challenges for breaching the domestic support limits on agricultural subsidies.
- It was established during the WTO’s Bali Ministerial Conference in 2013.
- This clause allows developing countries to provide subsidies beyond the prescribed limits for certain agricultural products, such as rice and wheat, without facing immediate repercussions.
- The peace clause provides immunity until a permanent solution is found, allowing developing countries to support their domestic agricultural sectors while negotiations continue on more permanent subsidy rules.
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What is the significance of the “peace clause” at the Worl...
Significance of the "peace clause" at the World Trade Organization (WTO)
The "peace clause" at the World Trade Organization (WTO) holds significant importance for member countries, especially developing nations. Let's delve into the details:
Temporary Exemption for Developing Countries
- The peace clause temporarily exempts developing countries from legal challenges related to their domestic agricultural subsidies.
- This exemption allows these countries to provide subsidies to their agricultural sector without facing immediate legal action under certain conditions.
- Developing countries can utilize this exemption to support their farmers, promote food security, and boost agricultural production without fear of immediate repercussions.
Promoting Development and Food Security
- By providing a temporary shield from legal challenges, the peace clause enables developing countries to strengthen their agricultural sectors.
- This, in turn, supports rural livelihoods, enhances food security, and contributes to overall economic development in these nations.
- The clause recognizes the importance of agriculture in the development process and allows developing countries to implement policies that benefit their farmers and communities.
Fostering Fair and Equitable Trade
- The peace clause helps level the playing field in international trade by acknowledging the unique challenges faced by developing countries.
- It promotes fair and equitable trade practices by allowing developing nations to support their agricultural sectors while gradually transitioning to more sustainable practices.
- This temporary exemption fosters a more inclusive and balanced trading system that takes into account the diverse needs and circumstances of all member countries.
In conclusion, the "peace clause" at the WTO plays a crucial role in supporting the development objectives of developing countries, promoting food security, and fostering fair and equitable trade practices within the global trading system.
The "peace clause" at the World Trade Organization (WTO) holds significant importance for member countries, especially developing nations. Let's delve into the details:
Temporary Exemption for Developing Countries
- The peace clause temporarily exempts developing countries from legal challenges related to their domestic agricultural subsidies.
- This exemption allows these countries to provide subsidies to their agricultural sector without facing immediate legal action under certain conditions.
- Developing countries can utilize this exemption to support their farmers, promote food security, and boost agricultural production without fear of immediate repercussions.
Promoting Development and Food Security
- By providing a temporary shield from legal challenges, the peace clause enables developing countries to strengthen their agricultural sectors.
- This, in turn, supports rural livelihoods, enhances food security, and contributes to overall economic development in these nations.
- The clause recognizes the importance of agriculture in the development process and allows developing countries to implement policies that benefit their farmers and communities.
Fostering Fair and Equitable Trade
- The peace clause helps level the playing field in international trade by acknowledging the unique challenges faced by developing countries.
- It promotes fair and equitable trade practices by allowing developing nations to support their agricultural sectors while gradually transitioning to more sustainable practices.
- This temporary exemption fosters a more inclusive and balanced trading system that takes into account the diverse needs and circumstances of all member countries.
In conclusion, the "peace clause" at the WTO plays a crucial role in supporting the development objectives of developing countries, promoting food security, and fostering fair and equitable trade practices within the global trading system.
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What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer?
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What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer?.
What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the “peace clause” at the World Trade Organization (WTO)?a)It ensures that member countries engage in peaceful negotiations to resolve trade disputes.b)It prohibits member countries from engaging in any form of military conflict related to trade matters.c)It temporarily exempts developing countries from legal challenges regarding their domestic agricultural subsidies under certain conditions.d)It mandates that member countries establish peaceful resolutions to disputes arising from intellectual property rights violations.Correct answer is option 'C'. Can you explain this answer?.
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