International Market Data for Minimum Support Price Action
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Questions and Answers

What triggered tensions among developing nations, including India?

  • The demand for legal protection of minimum support price (MSP)
  • Pressure from the Cairns Group to reduce the MSP scheme
  • Agricultural subsidies given by developed countries (correct)
  • Ambiguity in the provisions of the 'Peace Clause'

    • Why is India's ability to guarantee MSP somewhat limited according to the text?

  • Influence of the Cairns Group
  • Lack of clarity in the Peace Clause
  • Disputes over high MSP levels
  • Pressure from the WTO on farm subsidies (correct)

    • What is the 'Peace Clause' mentioned in the text?

  • A clause that restricts the level of MSP a country can provide
  • A clause protecting nations from disputes over their subsidies
  • An agreement made by WTO members in 2013
  • Legal protection for developing countries' farm subsidies (correct)

    • Why is India fighting for better legal protection for its MSP programme?

    <p>Cairns Group's pressure to dismantle the MSP scheme</p> Signup and view all the answers

    What allows India to provide high MSP despite WTO regulations?

    <p>'Peace Clause' protection</p> Signup and view all the answers

    Which group is pressuring India to dismantle or reduce its MSP scheme?

    <p>Cairns Group</p> Signup and view all the answers

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