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India needs to prepare a roadmap to phase out agriculture export subsidies: Comm Secy

 

The Commerce Secretary, Ms Rita Teaotia, has said that India needs to prepare a roadmap to phase out incentives, given the seven-year time-frame prescribed by the World Trade Organization for doing away with all forms of farm export subsidies.

 

The Commerce Secretary maintained that the country’s position at the WTO had not changed and it would keep pressing for continuation of the Doha Development Round (launched in 2001) and extension of special and differential treatment for India.

 

Ms Teaotia said, "India needs to develop a roadmap for phasing out the agriculture export subsidies."

 

At the recent WTO ministerial meeting in Nairobi, India agreed to phase out its agriculture export subsidies (including flexibilities allowed in transport and marketing) by 2023.

 

However, it did not agree to a demand from developed members such as the EU and the US that emerging economies like India, China and Brazil not be extended special and differential treatment (more favourable treatment than developed countries) thus far given to all developing countries, it is learnt.

 

Source: Exim News Service: NEW DELHI, Feb. 16

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