Economics · Economy
With reference to the WTO classification of domestic support in agriculture, consider the following statements: I. Measures placed in the Amber Box are regarded as trade-distorting support and are therefore subject to reduction commitments, subject to the relevant rules. II. Support extended under Special and Differential Treatment provisions is available only to developed countries. III. Green Box measures are, in principle, those that cause no, or at most minimal, trade distortion. Which of the statements given above are correct?
- 1I, II and III
- 2II and III only
- 3I and III only✓
- 4I and II only
Correct answer
I and III only
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