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Agreement on Agriculture by Wto

The World Trade Organization (WTO) was formed to facilitate international trade among member countries and ensure that all parties benefit from it. One of its most significant agreements is the Agreement on Agriculture, which was signed in 1995 as part of the Uruguay Round of multilateral trade negotiations.

The Agreement on Agriculture aims to reform and liberalize agricultural trade by reducing trade barriers, including subsidies, tariffs, and quotas. It recognizes the importance of food security and supports the right of countries to protect their agricultural markets from sudden surges in imports that could disrupt domestic prices and production.

The agreement is based on the principle of non-discrimination, which means that WTO members cannot discriminate against other members in the trade of agricultural products. It also includes provisions for the protection of intellectual property rights related to agriculture.

One of the most important aspects of the Agreement on Agriculture is the commitment by developed countries to reduce their domestic agricultural subsidies. These subsidies have a distorting effect on trade and can create an uneven playing field for farmers in developing countries.

The agreement also provides developing countries with special and differential treatment, recognizing their unique development needs and capacity constraints. It enables them to implement agricultural policies that support their rural development and food security goals while complying with WTO rules.

Another key feature of the Agreement on Agriculture is the provision for tariff-rate quotas. These allow WTO members to maintain a certain level of protection for sensitive agricultural products but also provide access to foreign markets. This helps improve market access for developing countries that produce and export these sensitive products.

Overall, the Agreement on Agriculture has been a significant step towards facilitating freer and fairer trade in agricultural products. The WTO continues to monitor its implementation and ensure that all members comply with its provisions.

In conclusion, the Agreement on Agriculture is a vital tool for promoting international agriculture trade and helping to alleviate poverty and hunger in developing countries. Its provisions are designed to create a level playing field for all countries, allowing them to compete fairly in global markets while protecting their domestic agricultural industries.

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