Question

how WTO membership will effect indian agriculture? explain in detail

Answer 1

# Agriculture is the oldest culture in the entire human civilisation. The history of Agriculture in India can be trace back to ten thousand years. The WTO is the successor of General Agreement on Tariff and Trade (GATT) which was established in 1947. GATT held a total of eight rounds.

# WTO Agreement on Agriculture known as “International Treaty” was one of the main agreement which were negotiated during Uruguay Round and total 123 countries participated.

# The objectives of WTO laws are – promoting free and liberal trade. But there was rampant misuse of this concept. The exporting countries started dumping their products in the importing countries, resulted a serious threat to the economy of developing countries especially to the agriculture of India.

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