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198

Q:

Recently, which country has invoked the peace clause for rice in the World Trade Organization (WTO)?

  • 1
    India
  • 2
    Pakistan
  • 3
    Sri Lanka
  • 4
    China
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Answer : 1. "India"
Explanation :

India has invoked the WTO peace clause for the fifth time citing violation of rice subsidy limits. This section protects developing countries from the challenges of disputes regarding subsidy violations. Global trade norms dictate that subsidies should not exceed 10% of production value based on the 1986-88 reference price.

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