WebApr 6, 2024 · The correct answer is Only 2.. Key Points. Domestic Support Mechanism of the World Trade Organization (WTO) calls for a reduction in domestic subsidies that distorts free trade and fair price. Under this, Subsidies are categorized into: Green Box: subsidies that do not distort trade, or at most cause minimal distortion.. They are … WebBlue Green and Amber Box SubsidyBlue Box Subsidy ImpactGreen Box Subsidy ImpactAmber Box Subsidy ImpactFor the Serious Preparation of UPSC, Follow this …
Gist of EPW January Week 1, 2024 - Economic & Political Weekly
WebApr 11, 2024 · Agreements of the World Trade Organization are one of the important topics for the UPSC Examination. ... Subsidies. Description. Green Box. All those subsidies that do not distort trade or lead to minimal distortion, come below the green box. For example, All government services like research, disease control, infrastructure, food security and ... WebSubsidies are put in Green, Amber, and Blue box subsidies. Green box subsidies are those which do not distort trade and shouldn't involve price support. These are allowed … react to arthur leywin
The promise and challenges of India’s Direct Benefit Transfer ...
WebMar 6, 2024 · India has always faced pressure from developed nations, including the US, EU and Canada, to reduce the subsidy it gives to farmers. WTO rules deal strictly with product-specific support to producers (as given by India) but … WebThe Agreement on Subsidies and Countervailing Measures (“SCM Agreement”) addresses two separate but closely related topics: multilateral disciplines regulating the provision of subsidies, and the use of countervailing measures to offset injury caused by subsidized imports. Multilateral disciplines are the rules regarding whether or not a ... WebDec 21, 2014 · Green Box subsidies include the amounts spent on Government services such as research, disease control, and infrastructure and food security. This also … react to an awkward moment say