coolscorpioGreen Box policies in economics
April 14th 2009 04:03
Governments provide support to agriculture in numerous ways, for example, direct payments, research grants, loan programs, and storage programs to name a few. Under the Uruguay Round Agreement on Agriculture (URAA), domestic support programs are divided into three boxes that indicate the trade distorting effects of the programs. Green Box programs are considered to be less trade distorting. Blue Box programs are considered to be more trade distorting but have production limits embedded in them. All other programs are Amber Box programs. They are considered to be the most trade distorting.
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