Question
The terms ‘Agreement on Agriculture', ‘Agreement on the Application of Sanitary and Phytosanitary Measures' and ‘Peace Clause' appear in the news frequently in the context of the affairs of the
(a) Food and Agriculture Organization
(b) United Nations Framework Conference on Climate Change
(c) World Trade Organization
(d) United Nations Environment Programme
Answer:
C
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Explanation:
The terms 'Agreement on Agriculture', 'Agreement on the Application of Sanitary and Phytosanitary Measures', and 'Peace Clause' are frequently discussed in the context of the affairs of the World Trade Organization (WTO).
The Agreement on Agriculture is a key agreement within the WTO that addresses issues related to agricultural trade and subsidies. It aims to establish fair and market-oriented conditions for agricultural trade.
The Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) deals with measures taken to protect human, animal, and plant health from risks associated with the spread of pests, diseases, and contaminants. It sets guidelines for countries to ensure that their sanitary and phytosanitary measures do not unjustifiably restrict trade.
The Peace Clause is a provision within the WTO's Agreement on Agriculture that provides protection to developing countries for certain types of agricultural subsidies, allowing them to continue these subsidies without facing legal challenges from other WTO members.