Union Cabinet approved the Agriculture Export Policy, 2018

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018. Himalai IAS Coaching Centre in Bangalore aims is to bring awareness about current affairs for the Civil Services Exam like IAS exam, KAS exam.

The Union Cabinet approved the proposal for establishment of Monitoring Framework at the Centre with Commerce as the nodal Department with representation from various line Agencies and representatives of concerned State Governments to the implementation of Agriculture Export Policy.

The Government has come out with new policy to double farmers’ income by 2022. Exports of agricultural products would play a pivotal role in achieving goals with policy.

The Government has come out with a comprehensive in order to provide an impetus to agricultural exports, “Agriculture Export Policy” aimed at doubling the agricultural exports and agricultural products and integrating Indian farmers with the global value chains.

The Agriculture Export Policy has the vision of:

“Harness export potential of Indian agriculture, through suitable policy instruments, to make India global power in agriculture and raise farmer’s income by 2022.”

Objectives of the Agriculture Export Policy are:

  • To double agricultural exports by 2022 and reach US$ 100 Billion in the next few years with a stable trade policy regime.To diversify our export destinations, basket, boost high value and value added agricultural exports including focus on perishables.
  • To provide an institutional mechanism for pursuing market access, phyto-sanitary, tackling barriers and deal with sanitary issues.
  • To strive to double India’s share in world agriculture exports by integrating with global value chain at the earliest. To enable farmers to get benefit of export opportunities in overseas market for the agriculture development.

Elements of Agriculture Export Policy:

The recommendations in the Agriculture Export Policy have been organized in two categories:

  1. Strategic: Policy measures, holistic approach to boost exports, marketing and promotion of Brand India, Focus on Clusters, Promoting value added exports.
  2. Operational: Attract private investments into production and processing, Miscellaneous, Research & Development, establishment of strong quality regimen.