ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Commodity Price Volatility and Special Safeguard Mechanisms

This paper takes a detailed look at the special safeguard mechanism for agriculture proposed in the Doha round of the World Trade Organisation and analyses its usefulness for developing countries. It also explores how the concept of a special agricultural safeguard has evolved in the present round of negotiations and the country positions on SSMs. The paper then proposes a price-trigger-based SSM instrument which is consistent with the goals spelt out in the Doha development agenda and satisfies most of the desired features of a special safeguard instrument.

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