Oluwatobiloba Adenola 177 Questions 10 Answers 1 Best Answer 216 Points View Profile 0 Oluwatobiloba AdenolaLevel 2 Asked: April 15, 20202020-04-15T09:33:58+00:00 2020-04-15T09:33:58+00:00In: Agriculture In your own words, explain Agreement on Agriculture (AoA). 0 In your own words, explain Agreement on Agriculture (AoA). Share Facebook 1 Answer Voted Oldest Recent Oluwatobiloba Adenola 177 Questions 10 Answers 1 Best Answer 216 Points View Profile adenolatobi Level 2 2020-06-03T11:21:06+00:00Added an answer on June 3, 2020 at 11:21 am The Agreement on Agriculture (AoA) is an international treaty of the World Trade Organisation, established in 1995. It consists of three pillars; domestic support, market access and export subsidies. The Agreement on Agriculture’s domestic support system currently allows Europe and the United States to spend $380 billion a year on agricultural subsidies. Market access allows reduction of tariff or non-tariff barriers between WTO members to enable trade. Export subsidies, the third pillar. The 1995 Agreement on Agriculture required developed countries to reduce export subsidies by at least 36% (by value) or by 21% (by volume) over six years. For developing countries, the agreement required cuts were 14% (by volume) and 24% (by value) over ten years. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.