Examveda

Which of the following statement is not correct with regard to AoA?

A. These multilateral trade agreements denoted an important first step towards putting agricultural subsidies (domestic support) into international disciplines

B. Developing nations need not cut their subsidies or lower their tariffs as much as developed nations do, but they are given additional time to fulfil their responsibilities

C. Specific commitments set out in the AoA were implemented over a six year period beginning in 2005 which was supposed to be 10 years for developing countries

D. Agricultural producers directly benefit from substantial subsidies as well as high tariffs, thus it was decided to cut the subsidies to promote free and fair competition in agriculture

Answer: Option C


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