Trade is critical in the delivery of food and clothes to customers all around the globe, especially in developing countries. As well as contributing to more consumer choice, it has played a part in decreasing food insecurity across the world.
Farmers may Buy or Sell Seeds, Fertilizers, Farming Equipment, and other Agricultural equipment and products at the lowest possible price on Kisaan Trade, India’s Largest Online Agriculture Trading Marketplace. Kisaan Trade’s goal is to provide its users with a real-time, transparent product marketplace.
What statistics have to say about this rise in agriculture trade platform
Over the last decade, many developments have occurred in the worldwide agriculture and food markets, resulting in tighter integration of local and foreign markets. Agricultural trade has increased significantly since 2000.
Significantly more than in the preceding decade, with annual growth rates of close to 8 percent in real terms between 2001 and 2014, as world markets responded to an increasingly rules-based trading environment, falling tariffs, and reductions in trade-distorting producer support.
Agriculture trade platform is getting global
However, the agro-food trade and agriculture trade platform are not only growing, but it is also getting more “global.” In recent years, the food and apparel that customers find in their local shops have increasingly been manufactured from a wider variety of goods that have been produced in a greater variety of places across the world.
There has been a substantial rise in trade between rising and developing nations, which are becoming more important as suppliers and customers for agro-food goods, among the changes in agro-food markets.
Global value chains (GVCs)
As commerce has grown, so has the global food system, which has become more integrated due to this expansion. Agricultural and food processing value chains that span multiple nations are becoming more important in global agro-food commerce. Global value chains (GVCs) connect agro-food sectors and other sectors of the economy from across the globe, resulting in a rising proportion of agro-food trade.
Trade and domestic support policies impede trade and the increasing integration of agro-food markets.
● Despite the evolution of international agro-food markets, most nations continue to offer assistance and impose obstacles via policies that distort trade and restrict the advantages that international agro-food markets may provide for consumers.
● These policies continue to have substantial and severe consequences for the welfare, resilience, and food security of consumers and farmers, as well as for the long-term viability of agriculture.
● They also have the additional impact of reducing the amount of agricultural and food commerce.
● Furthermore, although many trades and domestic support programs aim to increase food production, there is no evidence that they are successful in accomplishing this goal: worldwide agricultural and food output would rise if distorting subsidies were eliminated.
Because of the new and tighter ties that have been established between the agricultural and food sectors, as well as between these and other sectors of the economy, the effects of trade and domestic support measures are being communicated more broadly.
It is when everyone works together that the biggest advantages of change are realized.
Countries at all levels of development have a larger shared interest in ensuring that international agricultural and food markets are free of distortions as regions and sectors become increasingly internationally interconnected.
When all nations – developed and developing – work together to decrease trade-related and domestic support, the benefits of reform are the highest. Price reductions for consumers in developed nations are accompanied by a shift in manufacturing to more efficient industries in these regions. Some nations have seen significant benefits as a result of changing their anti-competitive laws.
When all nations decrease trade-related and domestic assistance, the welfare benefits to developing countries are substantially greater than when no countries reduce support. Developing nations’ ability to reap advantages from reform is important since the actions of other developing countries – reflecting the growth in “south-south” trade – are vitally connected to those of the first.
Final Thoughts
Finally, policies have an impact on the benefits derived from agricultural and food commerce.
At the Organization for Economic Cooperation and Development (OECD), we examine the effects of trade and agricultural policies in order to assist nations in making informed policy choices that will help make agro-food trade work for everyone. Countries’ trade policies that limit trade or raise trade costs needlessly damage their own domestic economies as well as the economies of their trading partners by impeding the growth of the agro-food industry are detrimental to both.
Countries should decrease their own trade-distorting domestic support and their trade measures, such as tariffs, to increase the benefits of trade for agro-food industries. These policies decrease a nation’s export competitiveness by raising the cost of inputs, and they may also make it more difficult for the country to engage in agro-food GVCs.
Kisaan Trade: India’s Biggest Agriculture Trade platform
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