Our food procurement policies may be lopsided but there is no link between the food security law and free trade
The upcoming World Trade Organization (WTO) summit in Bali has attracted considerable attention in India because of its repercussions on our food policy. It is feared that the recently passed food security law will breach the negotiated limits on the aggregate measure of support (AMS) to farmers. AMS is calculated as the product of the quantity procured multiplied by the difference between the procurement price and a fixed external price derived from world prices during 1986-88, and it is limited to 10% of agricultural output.
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