Question

How is india related to the agricultural issue in the wto?

Answer 1

IndiademandsWTOshould finalise an agreement allowing India and many other developing countries more freedom to subsidise and stockpile more food grains than it is allowed byWTOrules.India wants there should be a permanent solution to it’s food security policies.WTOnorms limit subsidies to 10% of the total value of agriculture production based on 1986-88 prices. India and some other developing countries argue that the base year is outdated.It can be said that India is trying to useTFA as a bargaining counterto strengthen it’s economy and to protect the rights of its greater part of population which depends upon agriculture for living, and to secure it’s people from natural calamities like droughtsand famines.