{"id":44121,"date":"2025-05-26T21:15:05","date_gmt":"2025-05-26T15:45:05","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=44121"},"modified":"2025-05-26T21:15:19","modified_gmt":"2025-05-26T15:45:19","slug":"india-farm-trade-fta-impact","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/26-05-2025\/india-farm-trade-fta-impact","title":{"rendered":"India\u2019s Farm Trade and Impact of FTAs with US, EU and UK"},"content":{"rendered":"\n<p><strong>Syllabus :GS 3\/Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>In News<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India is negotiating trade agreements with the United States and European Union, which are both seeking tariff reductions and greater market access for their agricultural products.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Status of India\u2019s farm trade<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India\u2019s agriculture exports <strong>rose by 6.4%<\/strong> to $51.9 billion in 2024\u201325, while overall goods exports remained nearly flat.<\/li>\n\n\n\n<li>However, agriculture<strong> imports surged by 17.2%<\/strong> to $38.5 billion, widening the trade gap.\u00a0<\/li>\n\n\n\n<li>Over the past decade,<strong> exports grew just 20%<\/strong>, while imports jumped 148%, causing the agri-trade surplus to shrink from $27.7 billion in 2013\u201314 to $13.4 billion in 2024\u201325.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img data-dominant-color=\"c7c9c0\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"612\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/agriculture-trade-1024x612.png\" alt=\"agriculture trade\" class=\"not-transparent wp-image-44124\" style=\"--dominant-color: #c7c9c0; width:468px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/agriculture-trade-1024x612.png 1024w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/agriculture-trade-300x179.png 300w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/agriculture-trade-768x459.png 768w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/agriculture-trade.png 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Export Trends Productwise<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Marine exports from India are largely to the US (roughly 35% share), China (20%) and the EU (15%).\n<ul class=\"wp-block-list\">\n<li>Shipments to the US, predominantly frozen shrimps, now attract 17.7% duty.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Rice (basmati and non-basmati) hit a record $12.5 billion, driven by strong demand in West Asia and Africa.<\/li>\n\n\n\n<li>Spices, tobacco, coffee, fruits &amp; vegetables reached new highs.<\/li>\n\n\n\n<li>Coffee and tobacco exports rose due to poor global harvests.<\/li>\n\n\n\n<li>Exports fell for wheat, sugar, and cotton due to domestic supply issues and export restrictions.<\/li>\n\n\n\n<li>Cotton has seen a major decline, with India turning into a net importer.<\/li>\n\n\n\n<li>Buffalo meat exports exceeded $4 billion but are still below past highs.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img data-dominant-color=\"dfe1e5\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"957\" height=\"1024\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-pic-957x1024.png\" alt=\"india-top-agri-important-items\" class=\"not-transparent wp-image-44123\" style=\"--dominant-color: #dfe1e5; width:370px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-pic-957x1024.png 957w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-pic-280x300.png 280w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-pic-768x822.png 768w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-pic.png 1435w\" sizes=\"auto, (max-width: 957px) 100vw, 957px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Import Trends<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Vegetable oils and pulses are top import items due to low yields and lack of MSP support.<\/li>\n\n\n\n<li>Pulses imports hit a record $5.5 billion.<\/li>\n\n\n\n<li>Cotton and natural rubber imports rose as domestic production fell.<\/li>\n\n\n\n<li>Imports of fruits, spices (pepper, cardamom), and alcoholic beverages are also significant.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img data-dominant-color=\"dfe1e4\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"729\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-1024x729.png\" alt=\"india top agri important items\" class=\"not-transparent wp-image-44122\" style=\"--dominant-color: #dfe1e4; width:430px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-1024x729.png 1024w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-300x214.png 300w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items-768x547.png 768w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/india-top-agri-important-items.png 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Impacts of Trade Agreements<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India\u2019s\u00a0 upcoming trade\u00a0 agreements\u00a0 with the US, EU, and UK\u00a0 are expected to see increased imports of dry fruits, wines, and spirits.\u00a0<\/li>\n\n\n\n<li>The Trump administration may also push for lower import duties and relaxed non-tariff barriers on GM crops like maize, soyabean, and cotton.<\/li>\n\n\n\n<li>These developments could impact India\u2019s agricultural trade balance, potentially further shrinking the surplus.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source :IE<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<h3><strong>In News<\/strong><\/h3>\n<li class=\"ms-5\">India is negotiating trade agreements with the United States and European Union, which are both seeking tariff reductions and greater market access for their agricultural products.<\/li>\n<p><\/p>\n<h3><strong>Status of India\u2019s farm trade<\/strong><\/h3>\n<li class=\"ms-5\">India\u2019s agriculture exports rose by 6.4% to $51.9 billion in 2024\u201325, while overall goods exports remained nearly flat.<\/li>\n<li class=\"ms-5\">However, agriculture imports surged by 17.2% to $38.5 billion, widening the trade gap.\u00a0<\/li>\n<li class=\"ms-5\">Over the past decade, exports grew just 20%, while imports jumped 148%, causing the agri-trade surplus to shrink from $27.7 billion in 2013\u201314 to $13.4 billion in 2024\u201325.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/26-05-2025\/india-farm-trade-fta-impact\" class=\"btn btn-primary btn-sm float-end\">Read\u00a0More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-44121","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/44121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=44121"}],"version-history":[{"count":3,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/44121\/revisions"}],"predecessor-version":[{"id":44139,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/44121\/revisions\/44139"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=44121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=44121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=44121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}