The terms āAgreement on Agricultureā, āAgreement on the Application of Sanitary and Phytosanitary Measuresā and āPeace Clauseā appear in the news frequently in the context of the affairs of the
[amp_mcq option1=āFood and Agriculture Organizationā option2=āUnited Nations Framework Conference on Climate Changeā option3=āWorld Trade Organizationā option4=āUnited Nations Environment Programmeā correct=āoption3ā³]
This question was previously asked in
UPSC IAS ā 2015
ā The āAgreement on Agricultureā (AoA) is a WTO agreement that came into effect in 1995, dealing with domestic support, market access, and export subsidies in agriculture.
ā The āAgreement on the Application of Sanitary and Phytosanitary Measuresā (SPS Agreement) is another WTO agreement concerning the application of food safety and animal and plant health regulations in international trade.
ā The āPeace Clauseā was a temporary provision within the AoA that restrained countries from challenging, through WTO dispute settlement, certain subsidies that other member states provide to their farmers, provided the subsidies comply with certain conditions.