25-08-2017, 09:32 PM
IMPACT OF WTO ON INDIAN AGRICLUTURE
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WTO Agreement On Agriculture
The WTO's Agreement on Agriculture which came into effect in 1995 brought world agriculture production and trade under multilateral trade rules. It was supposed to herald a new era of trade liberalisation in the agriculture sector, as hitherto agriculture had been mainly exempted from the disciplines of GATT.
Main Categories Of Commitment Of AOA
All member countries have to abolish quantitative restrictions and non-tariff barriers and replace these with tariffs.
Least developed countries (LDCs) do not have to reduce their tariffs, but also commit not to raise their bound rates.
Domestic support.
(b) the Green Box
Measures that are assumed not to have effects on production, such as support for research, marketing assistance
© The Blue Box
Measures such as direct payments to farmers to compensate them for programes to limit their production