Consider the following statements in context of the quot Nairobi Package quot announced after the 10...........

Economic Affairs World Trade Organsiation (WTO)

Consider the following statements in context of the "Nairobi Package" announced after the 10th Ministerial Conference of WTO held in Dec 2015.

1. The developed countries will need to eliminate all farm subsidies effective immediately

2. No final decision was taken on the issue of Public Stockholding

3. No final decision was taken on the subject of Special Safeguard Mechanism (SSM) for the developing countries

Which of the above statements are correct?

1 and 3 only

1 only

2 and 3 only

All

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Explanation:

1st statement is incorrect because developed countries such as United States will need to eliminate the farm export subsidies immediately, except on a handful of agriculture products. The developing countries were allowed to end these export subsidies by 2018.