Business Environment by Pearson

434 | Business Environment

In the case of India, for example, gems and jewellery will disqualify for export subsidies and

perhaps, these will have to be phased out in eight years, that is, by 2005.

While on this subject, another major area relates to the treatment of subsidies under the

Agreement on Agriculture. Here too, green-box measures, which are perceived to have mini-

mal distortive e ect on trade (e.g., R&D, pest and disease control, domestic food security, envi-

ronmental assistance, disaster relief, etc.) are non-actionable. Likewise, even blue-box measures

comprising direct payment under production limiting programmes (e.g., inco ...