ForumIAS LATEST
- 15 Sept. | Current Affairs Pre-cum-Mains 2027 Morning 11 AM batch starts from 15th Sept. Click Here to Read More →
- 14 Sept. | Forum Residential Coaching (FRC) for UPSC preparation Click Here to know more →
- 14 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 14th Sept. Click Here to Read More →
News:India has invoked the peace clause of the World Trade Organization (WTO) for exceeding the ceiling on support it can offer farmers for rice for the marketing year 2018-2019.This is the first time any country has invoked this clause.
Facts:
- Peace Clause:It is a mechanism which protects a developing country’s food procurement programmes against action from WTO members in case subsidy ceilings are breached (10% of the concerned crop’s value of production).
- It is available to the developing nations till a ‘permanent solution’ is found by the WTO members to the issue of public stockholding for food security purposes.
