Agriculture Interview Question:

Will India continue to have adequate policy space to raise tariffs on agricultural products even after the Doha Round?

Submitted by: Administrator

The tariff cuts to be taken by developing countries would be moderated by four flexibilities that are built into the mandate of the Doha Round:
Developing countries are required to undertake no more than a maximum overall average cut of 36%. If the band-wise cuts described above lead to an overall average cut higher than 36%, they can take a lower cut proportionately across bands to keep within 36%. A simple slotting of India's tariffs into the appropriate tariff band and the applicable cut, results in an overall average cut of around 41%. So, we can scale back the cuts by the same factor in each band so that the overall average cut is no more than 36%.
Submitted by: Administrator