India and China submitted proposal to WHO for elimination of trade-distorting farm subsidies
Posted on:01 Sep 2017 09:53:11
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01 September 2017 Current Affairs: India and China jointly submitted a proposal to World Trade Organisation (WTO) calling for the elimination of most trade-distorting farm subsidies by developed countries.
These farm subsidies are known as known as Aggregate Measurement of Support (AMS) or ‘Amber Box’ support.
The proposal assumes importance in view for consideration of other reforms in domestic support negotiations in view of ongoing negotiations for upcoming 11th Ministerial Conference (MC) of WTO to be held in Buenos Aires (Argentina) in December 2017.
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