2. India’s total agricultural trade during 2016-17
was around Rs. 4 lakh crores (Rs. 3,92,234
crores)
India has emerged as a net exporter of
agricultural produce.
Exports - Rs. 2.28 lakh crores and imports -
Rs. 1.64 lakh crores during 2016-17.
7. From consumer centric to farmer centric
Taking care of ‘Make in India’
Long term interests of India’s Agricultural
Trade
Regular monitoring mechanism – monitoring
mechanisms strengthened, new
mechanisms put in place
Better coordination with various Departments
& Organisations
8. Measures to handle Edible Oil imports (almost 50%
of our agri imports), Pulses (1/5th of our agri
imports)
Major revision of Agricultural Trade Policy in respect
of Pulses: Import duties increased to protect
farmers, export restrictions removed.
Major revision of Import Duties in respect of Edible
Oils: Biggest import tariff hike during the last
decade. For ex: Crude Palm Oil duty raised from
7.5% to 15% (in August, 2017) to 30% (in
November, 2017).
Import duty on Soyabean seeds hiked (from 30%
to 45%)
9. Strengthening Institutional mechanisms to
support faster, scientific and farmer centric
Agricultural Trade Policy
Unveiling long term Agricultural Trade Policy
Collaborations & Agreements with foreign
countries so as to improve our agri exports
Creating/supporting think tanks in
Agricultural Trade Policy