2014 · Q44
As per the latest trade agreement in Bali Ministerial Conference of WTO, India and other developing and under developed countries can launch food security programmes.
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- Aforever without any penalty under WTO rules
- Btill an alternative mechanism is developed
- Cfor four calendar years
- Donly if subsidy component under such programmes is less than 10%
Explanation
The Bali Ministerial outcome gave a four-year peace clause shielding developing countries' food security programmes from WTO challenge until December 2017.