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This video tutorial on WTO's box subsidy discusses four important types of subsidies crucial for UPSC and other competitive examinations. The four types covered are green box, blue box, amber box, and standard differential box subsidies. Green box subsidies are non-trade distorting and do not affect trade between WTO member countries. Blue box subsidies are considered special and less trade distorting. Amber box subsidies are trade distorting and subject to reduction commitments. Standard differential box subsidies provide a flexibility to developing countries. Understanding these subsidies is essential for understanding the global trade environment.
