UPSC 2015EconomyModerate

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

A
Food and Agriculture Organization
B
United Nations Framework Conference on Climate Change
C
World Trade Organization
Correct Answer
D
United Nations Environment Programme

Explanation

These terms refer to specific legal frameworks and dispute resolution mechanisms under the World Trade Organization (WTO) aimed at regulating international trade, reducing agricultural subsidies, and setting food safety standards. While the Food and Agriculture Organization (FAO) is a tempting choice due to the shared focus on food, it is a UN agency dedicated to food security and technical assistance rather than the administration of binding global trade rules and legal protections like the "Peace Clause." The core concept being tested is the institutional framework of global trade governance and the specific terminology associated with the WTO’s Agreement on Agriculture.

World Trade Organization (WTO)WTO Agreements and ClausesAgreement on AgricultureAoASanitary and Phytosanitary MeasuresSPSPeace ClauseBali Ministerial ConferenceWorld Trade OrganizationWTO

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