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Title: Impact Of The Agreement On Agriculture On The Indian Economy

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Subject: Business
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Date: August 31, 2009
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Length: 4 / 1076
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For the first time, agriculture featured in a major way in the GATT round of multilateral trade negotiations. Although the original GATT – the predecessor of the World Trade Organisation (WTO) – applied to trade in agriculture, various exceptions to the disciplines on the use of non-tariff measures and subsidy meant that it did not do so effectively...

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This in turn led to excessive production and its dumping in international markets as well as import restrictions to keep out foreign agricultural products from their domestic markets. The obligations and disciplines incorporated in the Agreement on Agriculture, therefore, relate to (a) market access; (b) domestic subsidy or domestic support; and (C)export subsidy IMPACT OF THE AGREEMENT ON AGRICULTURE ON INDIAN AGRICULTUTRE Indian agriculture enjoys the advantage of cheap labour...

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