gs1medium
In the context of the affairs of which of the following is the phrase "Special Safeguard Mechanisms" mentioned in the news frequently?
- A.United Nations Environment Programme
- B.World Trade Organisation
- C.ASEAN-India Free Trade Agreement
- D.G-20 Summits
▶ Answer & Explanation
Correct answer: B. World Trade Organisation
Special Safeguard Mechanisms (SSMs) are provisions within trade agreements, particularly under the World Trade Organisation (WTO), that allow countries to temporarily restrict imports if they surge to a level that could harm domestic industries. These mechanisms are a key feature of negotiations and agreements related to trade liberalization and agriculture.
Source: UPSC gs1 2010