Agriculture

CUTS to assist Government in trade negotiations

Ministries of agriculture and food processing industries have selected Consumer Unity and Trust Society CUTS International to assist them in all trade negotiations
CUTS to assist Government in trade negotiations

Consumer Unity and Trust Society (CUTS International) has been selected by Ministries of Agriculture and Food Processing Industries to assist them in all trade negotiations and also for conducting detailed studies on issues of agricultural products trade.

As per a report, CUTS will now build a database of India’s trade flows – export and import (in value and quantity terms) for all agricultural products along with bound and applied rates at global level, as also for trading blocs such as European Union, EFTA, ASEAN, and for countries, including the USA, China and Australia.

"It will further analyze the database to capture broad export/import trends, non-trade measures, conduct competitiveness analysis of India’s agriculture products for exports, and identify the tariff lines with high export growth, and other products having export potential," CUTS added.

"Overall, this is a unique opportunity for formulation of a better and coherent Agricultural Trade Policy (World Trade Organization) that would add domestic certainty and also aid in further enhancing the rules-based multilateral trading system," the statement added.

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