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Consider the following statements:
- The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing.
- This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability.
- Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.
Which of the statements given above is/are correct?
- a)1 Only
- b)1 and 2 Only
- c)2 and 3 Only
- d)1, 2, and 3
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements: The agreement on fisheries subsidie...
Analysis of the Statements
The question involves evaluating three statements regarding the WTO's agreement on fisheries subsidies. Let's analyze each statement to determine their correctness.
Statement 1: Elimination of Subsidies
- This statement is correct. The agreement aims to eliminate subsidies that contribute to illegal, unreported, and unregulated (IUU) fishing, which is a significant concern for global fisheries management.
Statement 2: Exclusivity on Environmental Sustainability
- This statement is also correct. The fisheries subsidies agreement is indeed recognized as the first WTO agreement that focuses explicitly on environmental sustainability. This marks a significant shift in WTO's approach to trade agreements by integrating environmental concerns.
Statement 3: Requirements for Developed Countries
- This statement is incorrect. The agreement does not mandate that developed countries eliminate all subsidies contributing to overfishing within five years. Instead, it sets different timelines and obligations for developed and developing countries, with developed countries having a more immediate commitment while developing countries may have longer timelines.
Conclusion
- Given the analysis, the correct statements are 1 and 2. Therefore, the answer is option 'B' (1 and 2 Only).
In summary, the first two statements accurately reflect the objectives and significance of the agreement, while the third statement misrepresents the specific obligations imposed on developed countries.
The question involves evaluating three statements regarding the WTO's agreement on fisheries subsidies. Let's analyze each statement to determine their correctness.
Statement 1: Elimination of Subsidies
- This statement is correct. The agreement aims to eliminate subsidies that contribute to illegal, unreported, and unregulated (IUU) fishing, which is a significant concern for global fisheries management.
Statement 2: Exclusivity on Environmental Sustainability
- This statement is also correct. The fisheries subsidies agreement is indeed recognized as the first WTO agreement that focuses explicitly on environmental sustainability. This marks a significant shift in WTO's approach to trade agreements by integrating environmental concerns.
Statement 3: Requirements for Developed Countries
- This statement is incorrect. The agreement does not mandate that developed countries eliminate all subsidies contributing to overfishing within five years. Instead, it sets different timelines and obligations for developed and developing countries, with developed countries having a more immediate commitment while developing countries may have longer timelines.
Conclusion
- Given the analysis, the correct statements are 1 and 2. Therefore, the answer is option 'B' (1 and 2 Only).
In summary, the first two statements accurately reflect the objectives and significance of the agreement, while the third statement misrepresents the specific obligations imposed on developed countries.
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Community Answer
Consider the following statements: The agreement on fisheries subsidie...
B: 1 and 2 Only
Explanation:
- Statement 1 is correct. The fisheries subsidies agreement is aimed at prohibiting subsidies that contribute to overcapacity and overfishing, including illegal, unreported, and unregulated fishing.
- Statement 2 is correct. The agreement is a historic achievement as it is the first WTO agreement focused solely on environmental sustainability.
- Statement 3 is incorrect. While the agreement aims to restrict certain harmful subsidies, there is no specific requirement for developed countries to eliminate all subsidies within five years; the implementation and terms vary.
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Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: The agreement on fisheries subsidies, adopted at the WTO’s 12th Ministerial Conference, aims to eliminate subsidies that contribute to illegal, unreported, and unregulated fishing. This agreement is recognized as the first WTO agreement that focuses exclusively on environmental sustainability. Under the terms of the agreement, developed countries are required to eliminate all subsidies that contribute to overfishing within five years.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)2 and 3 Onlyd)1, 2, and 3Correct answer is option 'B'. Can you explain this answer?.
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