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India’s farm subsidy programs occurred under the scanner at the World Trade Organization (WTO) during the country’s trade policy review (TPR), with fellows such as Canada, the US and Australia complaining that India has not declared its agricultural export subsidies for more than eight years. In this article, we will talk about India’s agriculture export subsidy policies. Notification on India’s agriculture export subsidy programs As we know Quarterly Returns with Monthly Payment Scheme is crucial for subsidy policies obtained under the scanner at the World Trade Organization (WTO) during the country’s trade policy analysis. With units such as Canada, the US and Australia disagreeing that India has not declared its agricultural export subsidies for more than eight years, while Brazil held that India’s longstanding assistance criteria for sugar have quelled global prices by up to 25%. Translating units’ appreciations against India’s farm subsidy policies, the WTO chairperson confessed the high level of government intervention in the agriculture sector was a furious point for members. Further, Members anticipated the significance of the region in aiding livelihoods and food security. Also, they obliged India to reform its agricultural policies that proceeded to be based on crucial levels of domestic and export support for key crops, containing subsidies for particular crops such as sugar and inputs. Additional Announcement by WTO The US complains that the government programme to acquire food products from farmers at minimum support prices distorts domestic market prices and incentivizes over-production of commodities such as rice and wheat. While praising India’s recent record of WTO notifications, Canada also disseminated concern over the lack of transparency in India’s Agri export subsidies. One area where we encourage India to do further work is concerning its agriculture export subsidies notifications where its last announcement was for 2009. India in its explanation to the WTO members over the concerns put up asserted the relief provided is large to small and frontier farmers and is in agreement with India’s commitments at the WTO. Know more about India’s Agriculture Export Subsidy Policies come under WTO lens.
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