ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
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.
