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Cabinet may take up Agri export policy this week

27-Nov-2018
Cabinet may take up Agri export policy this week

The Union Cabinet is expected to consider this week the proposed agriculture export policy, which aims at doubling outbound shipments of farm products and increasing their share in the world market, an official said. The Commerce Ministry has finalised the policy and has forwarded it for the consideration of the Cabinet.

The proposed policy would focus on all aspects of agricultural exports including modernising infrastructure, standardisation of products, streamlining regulations, curtailing knee-jerk decisions, focusing on research and development activities, setting up of an agency in line with the European Food Safety Authority for framing, regulating and implementing rules related to both production and trade.

The draft policy, prepared by the Ministry, has suggested bringing in a stable trade policy regime, reforming the APMC (Agricultural Produce Market Committee) Act, streamlining of Mandi fee, and liberalising land leasing to double the agricultural shipments to over USD 60 billion by 2022.

The proposed National Agriculture Export Policy would also provide an assurance that the processed agricultural products and all kinds of organic goods will not be brought under the ambit of any kind of export restriction such as imposing minimum export price, export duty and ban.

Agricultural products constitute over 10 per cent of the Country's total merchandise exports. The main commodities exported by India include tea, coffee, rice, cereals, tobacco, spices, cashew, oil meals, fruits and vegetables, marine products, meat, dairy and poultry products. Exports of value-added items are significantly low. India's exports in 2017 were about USD 31 billion, which is over 2 per cent of the world agriculture trade.


Source :- Dailyshippingtimes.com

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