Question

What are the major agreements of the WTO?

06 Jul 2022
Answer :
Word Count : 773

The agreements of the WTO are:-

Agreement on Agriculture The Agreement on Agriculture includes specific and binding commitments made by WTO Member governments in the three areas of market access, domestic support and export subsidization for strengthening GATT disciplines and improving agricultural trade. These commitments were implemented over a six-year period. The Agreement also includes provisions on the implementation of these commitments (see Chapter 3 “Quantitative Restrictions” and Chapter 6 “Subsidies and Countervailing Measures” for quantitative restrictions and domestic support). Agreement on the Application of Sanitary and Phytosanitary (SPS) Measures This agreement establishes multilateral frameworks for the planning, adoption and implementation of sanitary and phytosanitary measures to prevent such measures from being used for arbitrary or unjustifiable discrimination or for camouflaged restraint on international trade and to minimize their adverse effects on trade (see Chapter 10 “Standard and Conformity Assessment Systems”). Agreement on Textiles and Clothing Textile trade was governed by the Multi-Fiber Arrangement ______ _______ _____ _______ _____ __________ __________ _______.
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