WTO Questions India’s Plan to Revive Farm Sector
The Deliberation, 2019
5 Pages Posted: 19 Aug 2019
Date Written: June 19, 2019
The farm support plans announced by India and the United States have created a lot of noise, mainly among the developed nations with surplus agriculture produces. These are under the scrutiny by the World Trade Organization members in WTO’s quarterly agriculture committee meeting on June 25-26. Specifically the European Union and Australia has asked India to explain the Modi’s proposal to spend Rs 25 lakh crore on agriculture and rural development and doubling farmers’ incomes by 2022 as part of Rs 100 lakh crore, five-year infrastructure development plan. Even the US is out asking questions about India’s 5% export subsidy for non-Basmati rice as well as increasing purchase of wheat at higher minimum support prices by the Indian Government even when India has record wheat stockpile.
Keywords: WTO, Agriculture, Globalization
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