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Term Paper Review SUBSIDIES AND SUPPORT IN WORLD AGRICULTURE By Ramesh Chand and Linu Mathew Phillip Submitted to Prof Atmanand Post-Graduate Programme in Management 2003-05 by Group -B09 Akshay Chidgopekar 03P073 Anshul Mishra 03P076 Ashish Virmani 03P083 J Ravi Ram 03P094 Naveen John 03P103 Saroni Roy 03P123 Vaibhav Tiwari 03P136 Management Development Institute Gurgaon 122 001 Article: 'SUBSIDIES AND SUPPORT IN WORLD AGRICULTURE' The article speaks about subsidies given to the agricultural sector and its effect on international trade. In this article the role of WTO for providing a level playing field has been questioned. The main aim of WTO Agreement on Agriculture (AoA) was to encourage fair trade in agriculture by removing trade distortions resulting from differential levels of input subsidies, price and market support, export subsidy and other kinds of trade distorting support. The agreement envisaged phased reduction in various kinds of support being given to agriculture by the member countries, though it allows for support in certain categories. The WTO's Agreement on Agriculture (AoA) had incorporated three broad areas of commitments from member...

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