Economy

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.



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