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Impact of Tariff Reduction according to Doha Modalities on India's Trade of Agricultural Products

This article attempts to estimate how India's trade in agricultural products will be affected by tariff reductions according to the tiered formula of the 2008 draft modalities in the Doha round of the World Trade Organisation. The estimates indicate that the reductions in agricultural tariff rates will lead to an increase in India's imports of agricultural products by about 1% and an increase in its exports of agricultural products to the us and us markets by about 2% to 4%. India has probably more to gain from the implementation of tariff cuts according to the tiered formula than to lose from it. However, the overall effect of the tariff cuts on India's agricultural exports and domestic agricultural production would be small

SPECIAL ARTICLE

Impact of Tariff Reduction according to Doha Modalities on India’s Trade of Agricultural Products

Bishwanath Goldar, Devender Pratap, Yashobanta Parida

This article attempts to estimate how India’s trade in agricultural products will be affected by tariff reductions according to the tiered formula of the 2008 draft modalities in the Doha round of the World Trade Organisation. The estimates indicate that the reductions in agricultural tariff rates will lead to an increase in India’s imports of agricultural products by about 1% and an increase in its exports of agricultural products to the US and US markets by about 2% to 4%. India has probably more to gain from the implementation of tariff cuts according to the tiered formula than to lose from it. However, the overall effect of the tariff cuts on India’s agricultural exports and domestic agricultural production would be small.

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