Aggregate Measurement of Support Current Affairs, GK & News

Trade-distorting farm subsidies must go: India-China

India and China have jointly submitted proposal to World Trade Organisation (WTO) calling for elimination of most trade-distorting farm subsidies by developed countries. These farm subsidies are known as known as Aggregate Measurement of Support (AMS) or ‘Amber Box’ support. Significance of proposal The proposal assumes importance in view for consideration of other reforms in ..