The government may soon pass the agri export policy that aims to double agri export to $60 billion by 2022. It aims to push India into the list of the top 10 countries while doubling India’s share of global export.
The promise of no further restrictions on processed agricultural export, a stable export policy regime for farm products, and streamlining of the current Agricultural Produce Market Committee (APMC) laws are part of the changes in the final policy.
The commerce and industry ministry had released the draft policy in March but had clashed with the agriculture ministry over various issues, most notably the proposed changes to the model APMC Act.
The policy has, in a significant move, suggested zero restrictions in the form of a minimum export price (MEP), export duty or bans on processed agri products or organic products. However, the door has been kept open for restrictions on commodities considered essential for food security.
Examples are MEPs on onion and rice shipments. Sudden changes in policy regarding shipment of commodities such as onion, rice, wheat, oilseed, pulses or sugar have a long-term impact on economic and foreign relations with many developing nations, the policy warns.