Q: 15 (IAS/2010)
question_subject:
Current Affairs
question_exam:
IAS
stats:
0,111,58,30,111,12,16
keywords:
{'special safeguard mechanisms': [0, 0, 1, 0], 'world trade organisation': [0, 0, 2, 0], 'united nations environment programme': [0, 0, 0, 2], 'india free trade agreement': [0, 0, 1, 0], 'asean': [0, 0, 10, 6], 'context': [2, 2, 1, 6], 'affairs': [1, 0, 3, 4]}
The phrase `Special Safeguard Mechanisms` (SSMs) is mentioned frequently in the context of the World Trade Organization (WTO). SSMs are measures that allow developing countries to temporarily increase tariffs on certain agricultural products in order to protect their farmers from sudden import surges or price falls due to increased competition from imports. These mechanisms are designed to provide flexibility to developing countries in meeting their food security needs, especially in times of crisis. The issue of SSMs has been a contentious one in WTO negotiations, with developed countries advocating for their reduction or elimination while developing countries have argued for their retention as a safeguard for their farmers.