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Agreement on Agriculture (AoA)

  Oct 04, 2021

Agreement on Agriculture (AoA)

Q Why is it in News ?

A The Agreement on Agriculture at the WTO is riddled with deep imbalances, which favour the developed countries and have tilted the rules against many developing countries, a Union Minister has said.

Q  What is Agreement on Agriculture (AoA)

Q What are its Three pillars ?

A The Agreement on Agriculture consists of three pillars—domestic support, market access, and export subsidies.

(1) Domestic support

  1. Amber (most directly linked to production levels)
  2. Blue (production-limiting programs that still distort trade)
  3. Green (minimal distortion)

(2) Market access

  1. 36% average reduction – developed countries – with a minimum of 15% per-tariff line reduction in next six years.
  2. 24% average reduction – developing countries – with a minimum of 10% per-tariff line reduction in next ten years.

(3) Export subsidies

Q What are reasons behind Criticism of AoA ?