TNPSC Thervupettagam

WTO Peace Clause by India

May 3 , 2026 15 hrs 0 min 48 0
  • India invoked the World Trade Organization peace clause for the 7th time with rice subsidies of $7.6 billion.
  • The peace clause was agreed at the WTO Ministerial Conference in Bali in 2013 as an interim arrangement.
  • It allows developing countries to provide subsidies under public stockholding programmes for food security.
  • It protects such subsidies from legal challenges in the WTO dispute settlement system, even if limits are exceeded.
  • These subsidies are linked to the Minimum Support Price procurement of crops by the government.
  • It is a temporary measure until a permanent solution to food security is agreed upon at the WTO.

 

Leave a Reply

Your Comment is awaiting moderation.

Your email address will not be published. Required fields are marked *

Categories