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Which of the following was an outcome of the Eleventh Ministerial Conference 2017 of WTO?
The limit on Food subsidy has been increased to 20% of the net value of agriculture production.
Member nations committed to securing a deal on fisheries subsidies for eliminating subsidies for illegal, unreported and unregulated (IUU) fishing.
The ‘cotton issue’ dealing with elimination of export subsidies on cotton has been resolved in favour of developing countries.
All of the above were outcomes of Eleventh Ministerial Conference 2017 of WTO.
...Second option is correct. Under the ministerial decision on fisheries subsidies, members agreed to continue to engage constructively in the fisheries subsidies negotiations with a view to adopting an agreement by the next Ministerial Conference in 2019 on comprehensive and effective disciplines that prohibit certain forms of fisheries subsidies that contribute to overcapacity and overfishing, and eliminate subsidies that contribute to illegal, unreported and unregulated (IUU) fishing. The creation of fisheries subsidies disciplines received new impetus after the adoption by world leaders in September 2015 of the UN Sustainable Development Goals (SDGs). SDG target 14.6 sets a deadline of 2020 for eliminating IUU subsidies and for prohibiting certain forms of fisheries subsidies that contribute to overcapacity and overfishing, with special and differential treatment for developing and least-developed countries. Other outcomes of the Eleventh Ministerial Conference 2017 of WTO are following- 1) Work Programme on Electronic Commerce 2) Work Programme on Small Economies 3) TRIPS non-violation and situation complaints 4) The creation of the working party on accession for South Sudan. 5) Other ministerial decisions, including extending the practice of not imposing customs duties on electronic transmissions for another two years
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