As leaders at the World Trade Organisation&rsquos 11th biennial Ministerial Conference in Buenos Ai

Option2mentionsthejointproposalbeingdiscussedinthepassageabovethereforefitsappropriatelyinthegivenblank

Question

Directions: Eac h of the following questions has a paragraph from which the last sentence has been deleted. From the given options, choose the sentence that completes the paragraph in the most appropriate way.

As leaders at the World Trade Organisation’s 11th

biennial Ministerial Conference in Buenos Aires seek to define the future contours of multilateral global trade, the challenges the U.S. has mounted on the institution are impossible to ignore. Notable among the proposals trade ministers will consider are those relating to new rules on farm subsidies, the elimination of support for unsustainable fisheries, and the regulation of e-commerce. With the backing of more than 100 countries, a joint proposal from India and China to eliminate the most trade-distorting farm subsidies worth $160 billion in several industrialised economies is arguably the most contentious agenda item at the Ministerial. The two countries see this as a prerequisite to address the prevailing imbalance in the Agreement onAgriculture,which unfairly benefits developed countries._______________.

A New Delhi has declined to negotiate any more trade-offs on this proposal at Buenos Aires, or accept calls for stringent transparency requirements to monitor these schemes.

B But host Argentina has cautioned that the joint proposal could potentially unravel negotiations

C Lending credence to such scepticism is the lukewarm stance the U.S. has adopted towards the WTO over the past year, suggesting that the Ministerial meet should serve as a forum for reflection rather than to shape substantive agreements.

D The EU and Brazil have expressed broad support for the G-33 coalition’s position on public stock-holding programmes.

E The response to that challenge is to make the gains of globalisation more visible and its transient downsides politically less painful

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