Read Now IMPACT OF W.T.O. AGREEMENT ON AGRICULTURE IN INDIA RTF
Agriculture remains one of the most contentious issues inthe ongoing negotiations of the World Trade Organization, withserious implications for food security and the livelihood of farmersin the developing world. This dissertation examines the variousresearch papers related to this study to understand the topic indepth. Then focused on GATT which is a multi-lateral agreementregulating international trade and how WTO was formed as asuccessor of GATT. The functions and working of WTO have alsobeen studied. As Agreement on Agriculture (AoA) was a verycrucial factor for developing countries, pursued the generalagricultural scenario in developing countries especially India. Thenhow India is facing issues related to AOA and what proposalsIndia has been offering with respect to those issues were studied.Then TFA and Bali Package were also studied. Variouscomponents of Bali Package were analyzed to find the issues,which other member countries could face.The dissertation presented the reasons for India blockingthe WTO and the objections which India had. The studyemphasized the impact of this disapproval and benefits pursuant todisapproval; on India’s commodity market, revenue of farmers,food prices of consumers, overall negative effects of signing TFA,and why blocking TFA was a good decision and the way-ahead.Finally, it supports the narrative of increasing developingcountry bargaining in the WTO and shows that the Indianrepresentatives bolster their arguments by articulating them asbeing in the interest of the developing world in general and India’ssuccess in making U.S. agree for permanent peace clause.
