Towards Measuring Comparative Advantage of Agricultural Commodities In India
Brajesh Kumar Jha
Abstract
Brajesh Kumar Jha
Abstract
The WTO Agreement on Agriculture strives to establish free and fair trade in agricultural commodities. It is believed that once implementation phase (1995-2004) is over, countries having comparative advantage in producing a commodity will dominate trade in that commodity. India, enriched with varied climate and soil, produces a wide range of agricultural commodities. Abundance of labor provides further opportunity to produce at low cost.
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The WTO Agreement on Agriculture strives to establish free and fair trade in agricultural commodities. It is believed that once implementation phase (1995-2004) is over, countries having comparative advantage in producing a commodity will dominate trade in that commodity. India, enriched with varied climate and soil, produces a wide range of agricultural commodities. Abundance of labor provides further opportunity to produce at low cost.
Key concepts: Agriculture, Commodity, Comparative advantage, Non-invasive ventilation, Agricultural economics, Commodity chemicals, Range (aeronautics), Economics