The terms ‘Agreement on Agriculture’, ‘Agreement on ...
World Trade Organization (WTO)
The terms 'Agreement on Agriculture', 'Agreement on the Application of Sanitary and Phytosanitary Measures' and 'Peace Clause' are frequently mentioned in the context of the affairs of the World Trade Organization (WTO).
Agreement on Agriculture
The Agreement on Agriculture is a significant agreement within the WTO that aims to reform agricultural trade practices to promote fair competition and reduce trade-distorting subsidies. It covers areas such as market access, domestic support, and export subsidies in the agricultural sector.
Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement)
The SPS Agreement is another important agreement under the WTO that sets out the rules for food safety and animal and plant health standards in international trade. It aims to ensure that countries' sanitary and phytosanitary measures do not unjustifiably restrict trade.
Peace Clause
The Peace Clause is a provision within the Agreement on Agriculture that temporarily protects developing countries' food security programs from legal challenges under the WTO rules. It ensures that such programs can continue without facing disputes during a specified period.
In conclusion, these terms are closely related to the functioning of the WTO and play a crucial role in regulating international trade in agriculture and ensuring food safety standards. Understanding these agreements is essential for policymakers and stakeholders involved in global trade negotiations.
The terms ‘Agreement on Agriculture’, ‘Agreement on ...
World Trade Organization (WTO)
The terms 'Agreement on Agriculture', 'Agreement on the Application of Sanitary and Phytosanitary Measures', and 'Peace Clause' are frequently mentioned in the context of the World Trade Organization (WTO).
Agreement on Agriculture
The Agreement on Agriculture is a legally binding international treaty of the WTO that aims to reform agricultural trade and reduce trade-distorting subsidies. It was negotiated during the Uruguay Round of trade negotiations. The agreement covers three main pillars: domestic support, market access, and export subsidies.
Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement)
The SPS Agreement sets out the basic rules for food safety and animal and plant health standards in international trade. It aims to ensure that countries can protect human, animal, and plant life and health without unjustifiably restricting trade. The agreement encourages countries to base their measures on international standards, guidelines, and recommendations.
Peace Clause
The Peace Clause is a provision within the Agreement on Agriculture that prohibits WTO members from challenging certain types of domestic farm subsidies under the agreement's rules. The Peace Clause provides a temporary safeguard for developing countries that exceed their domestic support commitments, allowing them to avoid legal challenges under the WTO dispute settlement mechanism.
In conclusion, these agreements and clauses are essential components of the WTO's framework for regulating international trade in agricultural products and ensuring the safety and quality of food products traded between countries.
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