Context:

• The Union Cabinet has approved the Agriculture Export Policy, 2018.
• The Cabinet has also approved the proposal for the establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Agencies and representatives of concerned State Governments, to oversee the implementation of Agriculture Export Policy.
• The Government has come out with a policy to double farmers’ income by 2022.

Objectives of the act:

• To double agricultural exports from present ~US$ 30+ Billion to ~US$ 60+ Billion by 2022 and reach US$ 100 Billion in the next few years
• To diversify our export basket, destinations and boost high value and value-added agricultural exports including the focus on perishables.
• To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports.
• To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phytosanitary issues.
• To strive to double India’s share in world agri exports by integrating with global value chain at the earliest.
• Enable farmers to get the benefit of export opportunities in the overseas market.

Source:PIB