Current AffairsInternational Relations

Agreement on Agriculture (AoA)

The Agreement on Agriculture at the WTO is riddled with deep imbalances, which favour the developed countries and have tilted the rules against many developing countries, a Union Minister has said.

Agreement on Agriculture
  • The Agreement on Agriculture (AoA) is a World Trade Organisation treaty.
  • It aims to reduce the agricultural support and subsidies given to domestic producers by different countries and to establish a fairer trading system that will increase market access and improve the livelihoods of farmers around the world.
  • The treaty was negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) and formally ratified in 1994 at Marrakesh, Morocco.
  • The AoA became effective in 1995.
  • The agreement will enforce a level playing field for farmers around the world.
  • This helps the farmers in poor countries who cannot compete with rich countries that artificially boost their exports through subsidies.
  • The long-term goal of the AoA is to establish a fair and market-oriented agricultural trading system and to initiate a reform process through the negotiations and ensuring strengthened and more operationally effective rules and discipline.
Tags: Current Affairs, International Relations

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