Consider the following statements regarding the WTO Agreement on Fisheries Subsidies: Statement I: The WTO Agreement on Fisheries Subsidies is the first multilateral agreement under the WTO framework to explicitly pursue an environmental sustainability objective. Statement II: The Agreement applies to subsidies relating to marine wild capture fishing as well as aquaculture and inland fisheries. Which one of the following is correct in respect of the above statements? |ForumIAS

Q. Consider the following statements regarding the WTO Agreement on Fisheries Subsidies:
Statement I: The WTO Agreement on Fisheries Subsidies is the first multilateral agreement under the WTO framework to explicitly pursue an environmental sustainability objective.
Statement II: The Agreement applies to subsidies relating to marine wild capture fishing as well as aquaculture and inland fisheries.
Which one of the following is correct in respect of the above statements?

[A] Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I.

[B] Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.

[C] Statement I is correct, but Statement II is incorrect.

[D] Statement I is incorrect, but Statement II is correct.

Answer: C

Notes:

Explanation: Statement I is correct. The Agreement is the first WTO agreement having an explicit environmental sustainability objective. Statement II is incorrect because the Agreement is confined to subsidies concerning marine wild capture fisheries and fishing-related activities at sea; aquaculture and inland fisheries are outside its scope.

Source- PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS