UPSC Prelims 2015·GS1·economy·open economy

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

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Last updated 23 May 2026, 3:31 pm IST
  1. AFood and Agriculture Organization
  2. BUnited Nations Framework Conference on Climate Change
  3. CWorld Trade OrganizationCorrect
  4. DUnited Nations Environment Programme

Explanation

The terms 'Agreement on Agriculture', 'Agreement on the Application of Sanitary and Phytosanitary Measures', and 'Peace Clause' are all significant concepts and agreements within the framework of international trade, specifically associated with the World Trade Organization (WTO). The Agreement on Agriculture (AoA) is a WTO agreement aimed at reforming trade in the agricultural sector and removing barriers to trade. The Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) sets out the basic rules for food safety and animal and plant health standards in international trade. The Peace Clause is a provision under the WTO's Agreement on Agriculture that protects developing countries from legal challenges at the WTO if they breach certain subsidy limits, provided they fulfill specific conditions, typically related to food security programs. All these terms are integral to the rules-based multilateral trading system overseen by the WTO.
economy: The terms 'Agreement on Agriculture', 'Agreement on the Application of Sanitary and Phytosanitary Measures' and 'Peace C

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