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Cabinet approves Agriculture Export Policy, 2018

Cabinet approves Agriculture Export Policy, 2018

The Union Cabinet has approved the Agriculture Export Policy (AEP) in line with the government's commitment to double farmer's income by 2022. 

Objective:

AEP seeks to double the agricultural export to $50 billion by 2022.

It removes all the restrictions on export of all organic and processed products.

The policy aims to boost exports of agriculture commodities such as tea, coffee and rice and increase the country’s share in global agri-trade.

The policy would focus on all aspects of agricultural exports including modernising infrastructure, standardisation of products, streamlining regulations, curtailing knee-jerk decisions, and focusing on research and development activities.

It will also provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phyto-sanitary issues.

Exception:
However, export policy for primary agricultural products, like onion, would reviewed periodically on a case-to-case basis depending on price-supply situation.

Agricultural exports are currently estimated at USD 30 billion. 

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