Consider the following statements 1. Technical Barriers to Trade (TBT) are the category of non-tariff barriers to trade under the WTO agreements. 2. TBT have the greatest impact on agriculture due to sanitary and phyto-sanitary measures designed to protect humans, animals, and plants. from diseases, pests, and other contaminants. Which of the statements given above is/are correct?
Consider the following statements 1. Technical Barriers to Trade (TBT) are the category of non-tariff barriers to trade under the WTO agreements. 2. TBT have the greatest impact on agriculture due to sanitary and phyto-sanitary measures designed to protect humans, animals, and plants. from diseases, pests, and other contaminants. Which of the statements given above is/are correct? Correct Answer Both 1 & 2
Key Points- The Technical Barriers to Trade (TBT) Agreement aims to ensure that technical regulations, standards, and conformity assessment procedures are non-discriminatory and do not create unnecessary obstacles to trade.
- At the same time, it recognizes WTO members' right to implement measures to achieve legitimate policy objectives, such as the protection of human health and safety, or the protection of the environment.
- The TBT Agreement strongly encourages members to base their measures on international standards as a means to facilitate trade. Through its transparency provisions, it also aims to create a predictable trading environment.
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TBT plays a crucial role in providing livelihoods for farmers and people employed along the food supply chain. It also contributes to reducing food insecurity across the globe and provides greater choice in consumer goods.
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TBT in agro-food products has grown strongly over the last two decades, reaching almost 7% in real terms. But agro-food trade isn’t just increasing, it’s becoming global.
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A growing share of agro-food trade is taking place in global value chains (GVCS) – agricultural and food processing value chains that are spread over several countries – linking agro-food sectors and other sectors of the economy from across the world.
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While international agro-food markets have evolved, most countries continue to provide support and impose barriers through measures that distort trade and limit the benefits that international agro-food markets can deliver for consumers. These measures have significant and negative effects on the welfare, resilience, and food security of consumers and producers, as well as on agricultural sustainability, and also reduce agricultural and food trade volumes.