In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news?
A
WTO affairs
B
SAARC affairs
C
UNFCCC affairs
D
India - EU negotiations on FTA
Correct Answer: WTO affairs
In WTO terminology, subsidies in general are identified by 'Boxes' which are given the colours of traffic lights : green (permitted), amber (slow down - i.e. be reduced), red (forbidden).