3 Indian & AP Economy and Planning · 3.3.1 External sector

3.3.1.9 WTO agreements: Agreement on Agriculture (boxes, peace clause) and TRIPS

The WTO Agreement on Agriculture sorts farm subsidies into coloured boxes and caps the trade-distorting ones, and TRIPS sets minimum global standards for intellectual property such as 20-year patents.

  • APPSC Group 1
  • Advanced level
  • 8 min read
  • Full course

Key terms

  • Agreement on Agriculture
  • green box
  • blue box
  • amber box
  • de minimis
  • peace clause
  • public stockholding
  • TRIPS
  • patents
  • Section 3(d)
  • geographical indications
  • compulsory licence
  • G-33

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. AP angleStandard
  5. Mains writingMains writing
  6. Common trapsFoundation
  7. Quick revisionFoundation

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