Economics · World Trade Organization
Consider the following statements regarding the World Trade Organization's Agreement on Agriculture (AoA): Statement I: The 'Green Box' contains subsidies that are considered to cause no more than minimal trade distortion, such as government-funded research, environmental protection, and food security stocks. Statement II: The 'Amber Box' contains all domestic support measures considered to distort production and trade, and these are subject to strict reduction commitments by all members without exception. Statement III: Developing countries like India are allowed to provide 'de minimis' support up to ten percent of the value of production of a specific crop without it counting toward their total Aggregate Measurement of Support (AMS). Which of the combinations represents the accurate set of facts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only I and III✓
- 3Only I and II
- 4Only I
Correct answer
Only I and III
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