Rationalising Subsidies in Indian Agriculture - A Case Study in the Light of WTO's Mandate

Apeejay Business Review, Vol. 8, No. 1 & 2

Posted: 18 Aug 2016

See all articles by Neeraj Singhal

Neeraj Singhal

Management Development Institute Murshidabad; Management Development Institute

Himani Gupta

Indian Institute of Foreign Trade

Date Written: 2007

Abstract

The problem of subsidies in international trade policy is perhaps the single most perplexing issue of the current world trading system, and one that is very complex. International disputes over subsidies are increasingly disrupting the world trading system. The creation of the WTO was nearly prevented by disputes in the Uruguay round of GATT negotiations over the issue of negotiating disciplines on agriculture subsidies, an issue which continues to plague the ongoing Doha round of WTO rules which led to the largest amount of authorized retaliation in GATT/WTO history. Yet the international rules that govern subsidies have received little attention in the form of systematic economic analysis. The work begins with a section on conceptual and definitional issues relating to subsidies, and also provides a comprehensive taxonomy of subsidies as suggested by existing literature. Then it goes on to focus light on the World Trade Organization as a whole and discusses the WTO’s mandate to discuss the issue of domestic subsidies on inputs and outputs in agricultural and export subsidies. The discussion provides the rationale for provision of subsidies, the magnitude of prevailing subsidies and its implication for the economy, the society and environment. The work concludes by identifying the gaps in data and information that there is a need for further research on subsidy related issues, particularly in the context of rationalization of agricultural subsidies in India.

Keywords: Agriculture Subsidy, WTO, Rationalization

Suggested Citation

Singhal, Neeraj and Singhal, Neeraj and Gupta, Himani, Rationalising Subsidies in Indian Agriculture - A Case Study in the Light of WTO's Mandate (2007). Apeejay Business Review, Vol. 8, No. 1 & 2, Available at SSRN: https://ssrn.com/abstract=2819302

Neeraj Singhal (Contact Author)

Management Development Institute Murshidabad ( email )

MDI Murshidabad, Kulori, P.O Uttar Ramna, Raghunat
Jangipur, 742235
India

Management Development Institute ( email )

MDI Murshidabad, Kulori, P.O Uttar Ramna, Raghunat
Jangipur, 742235
India

Himani Gupta

Indian Institute of Foreign Trade ( email )

New Delhi
QUTUB INSTITUTIONAL AREA
NEW DELHI, 110016
India

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