About Lesson
Agreement related to agriculture on World Trade Organization (WTO)
a) Market access:
- Free trade among other countries
- No bound tariffs.
- Protect the internal production of the area of tariffs.
b) Export subsidy:
- Cash support in export
- Incentives and lowered tax.
c) Domestic support:
- Incentives given on various aspects of agricultural production.
d) Agreement related to quarantine:
- Import and export products if proven bad for health of human beings can be quarantined or banned.
