In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently?
- AUnited Nations Environment Programme
- BWorld Trade OrganisationCorrect
- CASEAN-India Free Trade Agreement
- DG-20 Summits
Explanation
The Special Safeguard Mechanism is a tool under the World Trade Organization specifically designed for developing countries. It allows these nations to temporarily raise import duties on agricultural products to protect their domestic farmers from sudden surges in imports or sharp drops in prices. This mechanism has been a major point of discussion during various WTO ministerial conferences, particularly within the context of the Doha Development Agenda, as developing countries like India advocate for its use to ensure food security and rural livelihoods. Therefore, the phrase is most frequently associated with the affairs of the World Trade Organization.
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