Question

Consider the following statements.
$1$. Agreement on Agriculture (AoA) is a treaty under the world Trade Organization that was negotiated during the Doha Round negotiations.
$2$. The agreement is centered around the need to eliminate 'trade distorting' agricultural subsidies.
Which of the given statements is/are correct?

• A. $1$ only
• B. $2$ only
• C. Both $1$ and $2$
• D. None of the above

Answer 1

The correct option is B $2$ only

Agreement on Agriculture (AoA) was negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade, and entered into force with the establishment of the WTO on January 1, 1995. It is to establish a fair, transparent and market oriented agricultural trading system and bring agricultural subsidies/domestic support under international disciplines.