India’s Trade Policy
India’s Trade Policy Review (TPR) has been carried out by the World Trade Organization (WTO) under the Trade Policy Review Mechanism, wherein the trade related policies of Member countries are reviewed at regular intervals by the WTO. India’s TPR meetings were held on 6th & 8th January 2021.
USA and the EU have flaggedcertain trade related issues, including increase in import duties, during the recently held TPR meetings.
Some Member countries, including USA and the EU, raised certain questions regarding MFN applied tariff rates, agricultural support programmes such as MSP, etc. Replies thereto have been given to the WTO. The WTO Agreement on Agriculture provides the rules for trade in agriculture. India’s agriculture support programmes, including the support through MSP mechanism, are consistent with India’s obligations under the Agreement and are being notified to the WTO as required therein.
