Question
In the context of which of the following do you sometimes find the terms `amber box, blue box and green box' in the news?
(a) WTO affairs
(b) SAARC affairs
(c) UNFCCC affairs
(d) India-EU negotiations on FTA
Answer:
A
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Explanation:
These terms are related to the agricultural subsidy programs governed by the World Trade Organization (WTO). The amber box refers to domestic support measures that are considered trade-distorting and are subject to reduction commitments. The blue box represents specific types of support programs that are considered less trade-distorting and are subject to certain conditions. The green box includes support measures that are considered minimally trade-distorting and are generally permitted without any reduction commitments.
These color-coded boxes are used to categorize and regulate agricultural subsidies and support programs among WTO member countries. Discussions and negotiations regarding these subsidy programs and their impact on international trade often feature the terms "amber box, blue box, and green box."