WTO AGREEMENT ON AGRICULTURE AND ITS IMPACT ON INDIAWto Agreement on Agriculture And • January 19th, 2023
Abstract: The Agreement on Agriculture (AOA) was enforced when the World Trade Organisation (WTO) was established on 1st January 1995. A series of trade negotiations and rounds were held under GATT which led to the formation of the developed system for trade. The sole organisation that governs and promotes international trade is the World Trade Organization. The negotiations also produced the Agriculture Agreement, which aims to reduce the countries' agricultural subsidies and other forms of assistance for domestic farmers. Since agriculture provides the primary means of subsistence for the majority of people in developing nations like India, the WTO's globalisation of agriculture is a constant source of worry for them. In India around 45% of the workforce is engaged in the agricultural sector and contributes around 15% of the GDP of the nation. The government of India has set a target to double the agricultural exports to the US dollar 60 billion and also to double the income of the f
