As per the latest trade agreement in Bali of WTO, India and other developing and under developed countries can launch food security programmes :
[amp_mcq option1=”forever without any penalty under WTO rules” option2=”till an alternative mechanism is developed” option3=”for four calendar years” option4=”only if subsidy component under such programmes is less than 10 per cent” correct=”option2″]
This question was previously asked in
UPSC CAPF – 2014
– Issue: Public stockholding programs for food security in developing countries.
– Outcome: ‘Peace Clause’ allowing continuation of programs despite potential breaches of subsidy limits.
– Duration: Temporary initially, until a permanent solution is agreed upon (later made indefinite).