WTO Agreement on Agriculture

The WTO Agreement on Agriculture governs how countries trade agricultural products to promote fair competition and reduce trade barriers. It aims to prevent countries from unfairly subsidizing their farmers or imposing high tariffs that disrupt global markets. The agreement encourages countries to open their markets gradually, decrease unfair subsidies, and adopt transparent trade practices. Its goal is to create a balanced trading environment that benefits both producers and consumers worldwide, ensuring food security, fair prices, and opportunities for farmers from all nations.