Open AccessNon-Tariff Measures (NTM) and Their Significance in Agricultural Trade of India and European Union
Author(s) -
M. B. Niranjan,
K M Shivakumar,
M. Prahadeeswaran,
A. Rohini
Publication year - 2021
Publication title -
asian journal of agricultural extension, economics and sociology
Language(s) - English
Resource type - Journals
ISSN - 2320-7027
DOI - 10.9734/ajaees/2021/v39i1130728
Subject(s) - agriculture , european union , commodity , agricultural economics , tariff , index (typography) , annual growth % , international trade , business , agricultural science , economics , geography , environmental science , archaeology , finance , world wide web , computer science
Aims: The research study aims to study the decadal growth in agricultural trade of top five agricultural commodities between India and the European Union and also the quantification of Non-Tariff Measures (NTM) of select agricultural commodities to give trade policy suggestions to the concerned commodity sectors
Study Design and Methodology: A decadal growth in top five agricultural commodities were studied for 28 European Union Countries (EU-28) and India using Compounded Annual Growth Rate and NTM of three subsections of WTO were quantified using inventory-based approaches; coverage ratio and frequency index.
Results and Conclusion: In terms of quantity exported, positive annual growth rate of 0.24, 0.48 and 0.76 per cent in marine products, coffee and castor oil is noticed. A negative growth of 0.67 and 2.6 per cent in spices and tobacco unmanufactured is witnessed during the study period. Export value recorded the positive annual growth rate of 2.96, per cent in marine products and spices and a negative growth of 1.7,0.16 and 2.8 per cent in coffee, castor oil and tobacco unmanufactured respectively. Export value per unit showed annual positive growth of 2.7,2.2 and 0.94 per cent in marine products, coffee and spices and negative growth of 0.91 and 0.22 per cent in castor oil and tobacco unmanufactured respectively. Both Sanitary and Phyto Sanitary (SPS) and Technical Barriers to Trade (TBT) Measures had a greater impact in the agricultural export form India to EU-28 during 2010-11 to 2019-20.