- The series of trade deals include pledges on food security, the balanced outcomes on fisheries subsidies, and response to pandemics.
- Apart from that India defended its right to extend subsidies to its fishermen, and fisheries.
- India also agreed to an 18-month extension of the moratorium on customs duty on electronic imports that, it argues, favours rich nations.
- The deal on patent waiver on covid-19 vaccines will allow India and other eligible developing countries to manufacture and export vaccines without seeking permission from the original maker.
- Apart from that the two contentious clauses that proposed a ban on overfishing subsidies within seven years have been struck off.
- It includes the elimination of harmful subsidies to stop illegal, unreported, and unregulated fishing activities.
- The agreement also mentions that the current moratorium on customs duty on digital imports will continue till 31 December 2023.
Question:
Q.1 As per the recent WTO agreement the main focus of the trade deals has been given to which of the following sector?a. Agriculture
b. Fisheries
c. Fertilizers
d. Export & Import
