Commerce Ministry mulls policy for agriculture exports

Commerce Ministry mulls policy for agriculture exports”

Commerce minister Suresh Prabhu on Wednesday said he is looking at measures to rev up country's exports in a "shortest possible time". "Agricultural products have a limited shelf life and, therefore, incomes of farmers also need to rise in the short time... have told the department to prepare an agricultural export policy", he said.

Outlining his priority, new Commerce Minister Suresh Prabhu today said the ministry will work on promoting agri exports and will ensure global market for farmers.

"We have right to have access to global markets for our farm produce by removing all trade restrictive practices", he said.

The government plans to come out with a policy to boost the exports of agricultural produce so that farmers get the best price and double their income by 2022.

As a commerce minister, he said "my job is to ensure that we will develop this global supply chain and ensure farmers get better prices".

India's farm exports touched $33.4 billion in 2016-17, up from $32.1 billion in the previous fiscal but well below the level of $42.9 billion recorded in 2013-14, showed the official data.

"Prabhu also called for giving stress not only on Make in India but also on Design In India to be present in entire value chain", it added.

"Global supply chains are now become a reality".

"The joint paper reveals that developed countries, including the U.S., the European Union and Canada, have been consistently providing trade-distorting subsidies to their farmers at levels much higher than the ceiling applicable to developing countries", it said.

The Minister also said the government will work on developing agriculture parks in India.

"If there are clusters for industry, why should we not think about clusters for different kinds of agriculture", he said.

The minister said he would soon be meeting trade ministers in Manila and Seoul to promote trade.

"Our agenda is going to be very aggressive". We will like to make sure that Indian farmers get their due by getting better price from global markets. "India is part of that in auto components and generic formulations", he said adding these chains offer a great opportunity for Indian exports as well as upgrading capacities in terms of technology.

Prabhu said exporters are facing certain challenges in the new goods and services tax (GST) regime and that the ministry is taking up those issues with the concerned authorities.

Like this



07 September 2017
Newell Brands Inc. (NYSE:NWL) Sees Unusual Volume Mid-Session
Herndon Capital Mngmt Limited Liability Co holds 2.03% of its portfolio in The Western Union Company (NYSE:WU) for 706,874 shares. The value of the investment in NWL increased from $34,028,000 to $35,818,000 increasing 5.3% for the reporting period.

07 September 2017
Missouri governor Eric Greitens to make jobs announcement in Kansas City area
Peters aerospace parts manufacturer Seyer Industries, which has added more than 100 jobs and is expanding its facility. Spring Venture Group, an insurance agency in Kansas City plans to add 400 new jobs over the next few years.

07 September 2017
Siding with Democrats, President Trump agrees to 3-month debt-limit rise
He wouldn't say if he was surprised by the deal, but said Trump's "rationale" was the "feeling that we need to come together". Asked earlier Wednesday if he could support the Democrats' three-month extension proposal, Trump said "we'll see".

07 September 2017
GOP leaders 'visibly annoyed' when Ivanka Trump crashes Oval Office meeting
His administration has made it clear it wanted quick action on the debt ceiling, which is expected to be reached later this month. Barely an hour earlier, Ryan had slammed the Democrats' demand for a three-month extension as " ridiculous and disgraceful ".

07 September 2017
Maker's Courtney Holt Leaves Disney for Spotify
Holt joined Disney after it purchased Maker Studios in 2014, which he led for more than five years. He will replace Tom Calderone, who Spotify previously said has been transitioning out of the role.

07 September 2017
Microsoft says it will pay legal fees to fight Dreamer employee deportation
Although we should all ask Congress to act within six months, we should be prepared for the possibility that it will not do so. Microsoft's Smith said Congress should pass legislation that protects DACA, even before it tackles tax reform.

07 September 2017
Trump's Choice for Top Civil Rights Job Defends Private-Sector Work
Dreiband is nominated to be Assistant Attorney General for the Civil Rights Division of the Department of Justice. Grassley, Iowa Republican, and Sen. "I was totally disgusted by the disgrace that we saw in Charlottesville".

07 September 2017
Apple Sends Tips Alerts Previewing iOS 11
I wouldn't recommend installing iOS 11 on the iPhone you use every day - beta versions of iOS usually drain your battery life. If you have a developer account and want to try out the next version of iOS, you can download the new beta version right now.

07 September 2017
Lines Are Long & Patience Is Short At Gas Stations Ahead Of Irma
The big thing to remember, DON'T PANIC and DON'T HOARD GAS , because refineries are starting to open back up. Drivers can check to see if some stations still have gas using online gasoline trackers like GasBuddy.

07 September 2017
Lamborghini Aventador S Roadster launched as 217mph drop
The Aventador Roadster's "S" suffix denotes the design and technology advancements of the new model. In case you're wondering, starting price for the Aventador S Roadster is $460,247 before options.