The Agreement on the Application of Sanitary and Phytosanitary Measures (“the SPS Agreement”) sets out the basic rules for food safety and animal and plant health requirements. It allows countries to set their own standards Sanitary and phytosanitary measures, by their very nature, may result in restrictions on trade. All governments accept the fact that some trade restrictions may be necessary to ensure food safety and animal and plant health protection The SPS Agreement, while permitting governments to maintain appropriate sanitary and phytosanitary protection, reduces possible arbitrariness of decisions and encourages consistent decision-making. Due to differences in climate, existing pests or diseases, or food safety conditions, it is not always appropriate to impose the same sanitary and phytosanitary requirements on food, animal or plant products coming from different countries. Therefore, sanitary and phytosanitary measures sometimes vary, depending on the country of origin of the food, animal or plant product concerned. This is taken into account in the SPS Agreement.
As of 2024, which company became the first in the gem and jewellery sector in India to be granted Authorised Economic Operator (AEO) status?
What is the full form of IFSC in the context of GIFT City?
Which organization has been designated as the Nodal Agency for issuing guarantee cover under the Credit Enhancement Guarantee Scheme for Scheduled Caste...
Who can be the participants in the Call Money Market
1. Scheduled Commercial Banks (excl Local Area Banks)
2. Small Finance Ba...
In India, day count convention for Money Market is different from day count convention for Bond Market. The day count convention for Money market is _...
Which of the following risk can reduce the value of a bond or other fixed rate investments?
The cost of capital for a firm _______.
What is the meaning of the term 'taper tantrum' used in monetary policy discussions?
What is a key aspect of ethical decision-making?
Which of the following is an example of a risk avoidance technique?