The GATT Agreement on Agriculture is expected to increase export opportunities for agricultural products and to reduce government subsidies.

Question

Quizplus · Accepted Answer

The GATT Agreement on Agriculture, now known as the Agriculture Agreement, aims to reduce trade barriers and increase market access for agricultural products. It also sets rules for governments to reduce their agricultural subsidies and other trade-distorting measures. Therefore, the agreement is expected to increase export opportunities for agricultural products and to reduce government subsidies.

The GATT Agreement on Agriculture Is Expected to Increase Export