As leaders at the World Trade Organisation’s 11th biennial Ministerial Conference in Buenos Aires seek to define the future contours of multilateral global trade, the challenges the U.S. has mounted on the institution are impossible to ignore. Notable among the proposals trade ministers will consider are those relating to new rules on farm subsidies, the elimination of support for unsustainable fisheries, and the regulation of e-commerce. With the backing of more than 100 countries, a joint proposal from India and China to eliminate the most trade-distorting farm subsidies worth $160 billion in several industrialised economies is arguably the most contentious agenda item at the Ministerial. The two countries see this as a prerequisite to address the prevailing imbalance in the Agreement onAgriculture,which unfairly benefits developed countries._______________.
Option 2 mentions the 'joint proposal' being discussed in the passage above, therefore fits appropriately in the given blank.
In which country was India's first overseas Jan Aushadi Kendra inaugurated?
How many members are actively contributing to the Provident Fund, Pension & Insurance Schemes each month under the Employees’ Provident Fund Organizat...
What is the recent trend in the Combined Index of Eight Core Industries (ICI)?
The 12th edition of joint military exercise “Ex Ekuverin” between the Indian Army & the ______ National Defence Force has commenced at Chaubatia, U...
To commemorate the first death anniversary of India's first Chief of Defence Staff (CDS) General Bipin Rawat, his bust was unveiled by who among the fo...
Which company has launched India's first-ever UPI-ATM as a White Label ATM (WLA) with the National Payments Corporation of India (NPCI offering cardless...
Which two initiatives were virtually inaugurated by Union Minister Shri Dharmendra Pradhan?
How much dividend per share did the State Bank of India declare for the financial year 2023-24?
Consider the following statements about the shoulder - fired Igla - S air defence systems :
Statement 1 : The systems are being as...
What is the name of the think-tank proposed by Gujarat, similar to NITI Aayog?