Economics · Economy
Which of the following statement/statements is/are valid regarding the prevailing scenarios and issues in connection with the World Trade Organisation (WTO)? I. The 'Peace Clause' under the Bali Agreement explicitly prohibits developing nations from ever creating any public stockholding schemes if they exceed the 10% ceiling limit. II. The 'Green Box' prohibits the use of direct payments to producers which are not linked to production decisions. III. The 'Reduction Commitments' are expressed in terms of a 'Total Aggregate Measurement of Support' (Total AMS) which includes all product-specific support and non-product-specific support in one single figure. IV. Any support that would normally be placed in the 'Amber Box', is not to be placed in the 'Blue Box' even if the support mandates farmers to limit production. Select the correct answer using the codes given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and II
- 2Only III✓
- 3I, II and IV
- 4III and IV
Correct answer
Only III
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