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ROLE OF W.T.O IN INDIAN AGRICULTURE
3 major impact are- Agreement on Agriculture includes-
• Agreement on Agriculture
MARKET ACCESS
• Export Competition • Maintaining quantitative restrictions
• Safeguarding Human Rights
DOMESTIC SUPPORT
EXPORT SUBSIDIES
TARIFFICATION-
• It means conversion of all non-tariff barriers on trade such as import quota into tariffs.Tariffs
bindings are to be reduced under this agreement.
GREEN BOX SUPPORT:
• It is given on items which have minimal impact on trade, e.g., pest and disease Control, market
intelligence, it is an exempted support.
BLUE BOX SUPPORT:
• It is product-limiting subsidy and pertains mainly to the developed countries. It is exempted from
reduction commitment under WTO.
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