Which of the following statements about 39 Nairobi Package 39 adopted in the Tenth Ministerial...........

Indian Economic System Economy

Which of the following statements about 'Nairobi Package' adopted in the Tenth Ministerial Conference of WTO is/are correct?

1. No safeguard mechanism for developing country members.

2. Preferential rules of origin for least developed countries.

3. Public stockholding for food security purposes.

Select correct answer using the code given below.

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Explanation:

Tenth Ministerial Conference – Nairobi (15 to 19 December 2015)

Highlights of the Declaration

The five-page declaration at the Nairobi meeting reaffirmed the principles and objectives set out in the Marrakesh Agreement Establishing the WTO.
Developed Members shall immediately eliminate their remaining scheduled export subsidy entitlements as of the date of adoption of this Decision. Developing country Members shall eliminate their export subsidy entitlements by the end of 2018.
The members of the global trade body agreed on a commitment for giving the developing nations a right to take recourse to Special Safeguard Mechanism to protect their farmers, which was a long-standing demand of India.
Phase out export subsidies on cotton; for developed nations immediately, while it has been marked for developing countries not later January 1, 2017.
The Bali and the General Council's November 2014 decision on public stockholding which gives protection to farmers has been reaffirmed.