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
Reviewed by Dalvoy
UPSC Civil Services preparation
- AFood and Agriculture Organization
- BUnited Nations Framework Conference on Climate Change
- CWorld Trade OrganizationCorrect
- 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.

Related questions
More UPSC Prelims practice from the same subject and topic.
- Prelims 2015GS1economy
The problem of international liquidity is related to the non-availability of
- Prelims 2015GS1economy
'Pradhan Mantri Jan-Dhan Yojana' has been launched for
- Prelims 2015GS1economy
A decrease in tax to GDP ratio of a country indicates which of the following? 1. Slowing economic growth rate 2. Less equitable distribution of national income Select the correct answer using the code…
- Prelims 2015GS1economy
In the 'Index of Eight Core Industries', which one of the following is given the highest weight?
- Prelims 2015GS1economy
The Fair and Remunerative Price (FRP) of sugarcane is approved by the
- Prelims 2015GS1economy
Who of the following was/were economic critic/critics of colonialism in India? 1. Dadabhai Naoroji 2. G. Subramania Iyer 3. R. C. Dutt Select the correct answer using the code given below.