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Q14 (IAS/2010) International Relations & Global Affairs › International Organisations & Groupings › International trade regimes Answer Verified

In the context of the affairs of which of the following is the phrase 'Special Safeguard Mechanisms' mentioned in the news frequently ?

Result
Your answer: —  ·  Correct: B
Explanation

The phrase “Special Safeguard Mechanism(s)” is used in the context of World Trade Organization (WTO) trade policy, especially in relation to agricultural safeguards negotiated under the Doha Round and measures available to developing countries (SSM/SSG) to respond to import surges or price shocks [1]. FAO and trade analyses discuss the special agricultural safeguard (SSG) and the Doha-era Special Safeguard Mechanism for developing members as instruments distinct from general anti‑dumping or countervailing actions, designed to protect domestic agriculture from destabilizing imports [2]. The WTO’s safeguards framework explains the temporary, rules‑based nature of safeguard actions and links to special agricultural safeguard provisions referenced in news coverage [3].

Sources

  1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > 18.30 Indian Economy > p. 540
  2. [2] https://www.fao.org/4/a1146e/a1146e04.pdf
  3. [3] https://www.wto.org/english/tratop_e/safeg_e/safeg_e.htm
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