** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

It's a misconception that India subsidizes exports: Suresh Prabhu

Commerce Minister Suresh Prabhu  sought to dispel the charge of some developed countries that India subsidized its exports and said the government was merely trying to mitigate the adversities of the exporters, which did not tantamount to subsidizing of exports from India, specifically farm products.
"It is a misconception that we subsidize our exports. We are fully WTO compliant and not at all violating those", Prabhu said at a chat session organized jointly by Shefexil and a leading business daily on July seventh.
He said that the Developed OECD countries were giving more subsidies to their farmers, particularly in the export of agriculture products.
Talking about agriculture exports, he said when India exports its agriculture products to other countries; those importing nations deter themselves from subsidizing those items. The Minister said. it was important to provide market access to the farmers for which the highest standard of safety was needed to overcome the non-tariff barriers (NTBs).
The government was already working on a draft agriculture policy to double farmers' income, he said. "The commerce department is already working on the development of standards. The standard in the Western countries is very high ", he said adding that if the highest standard was not adhered to, it would be difficult to do exports, he added.
 

 Mr.Prabhu also said that the ministry was also working on preparing an integrated logistics plan to reduce costs and increase speed and efficiency. Earlier speaking at a CII event, he said that the ministry was preparing separate plans for the manufacture of drones and planes in the country. 

Disclaimer
Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us