Economics · International Trade
A developing country notifies domestic farm subsidies exceeding its de minimis limits under the WTO Agreement on Agriculture. In this context, consider the following statements: 1. For developing countries, the de minimis limit is 10% of the value of agricultural production. 2. Product-specific support exceeding the de minimis limit must be included in the Aggregate Measurement of Support (AMS). 3. Green Box subsidies are subject to reduction commitments. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31 and 2 only✓
- 41 only
Correct answer
1 and 2 only
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