International Trade in Agricultural Products

Teacher

Dr. S Kameswar Rao

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Code: CUTM2794

Credits: 2 (1-0-1)

Objective

To impart knowledge to the students about international trade in agriculture and various provisions under WTO in the new trade regime.

CO & PO Mapping

COS COURSE OUTCOMES MAPPING COS WITH POS (High-3; Medium-2; Low-1)
CO1 Will be able to understand the basic concepts of international trade with reference to WTO and International agreements on Agriculture. PO1 (3), PO2 (2), PO4 (2)
CO2 Develop a clear understanding about the significant regulations and policy measures for International Trade PO1 (3), PO5 (3)
CO3 Assess the importance of foreign trade, practices of trade of agri business commodities. PO1 (3), PO3 (2)
CO4 Demonstrate an understanding of the concept of balance of payments, exchange rate and foreign trade multiplier. PO1 (3), PO3 (2)
CO5 Developing the competency to analyse foreign demand and supply, export procedures and documentations. PO 1(3), PO4 (1), PO5 (1)

 

Learning Outcomes

After successful completion of this course, the students are expected to be able to:

Understand the basic concepts of international trade with reference to WTO and International agreements on Agriculture.

Assess the practices of trade of agri business commodities

Develop a clear understanding about the significant regulations and policy measures for International Trade

Block 1: Introduction to International Trade

Unit I: International trade–basic concepts, WTO, and its implications for Indian economy in general and agriculture sector in particular.

Unit II: TRIPS, TRIMS quotas, anti-dumping duties, quantitative and qualitative restrictions, tariff and non-tariff measures, trade liberalization, subsidies, green and red boxes, issues for negotiations in future in WTO; CDMs and carbon trade.

Unit III: Importance of foreign trade for developing economy; absolute and comparative advantage, foreign trade of India. Cases on agri business commodity trade practices

Block 2: Regulations and Policy Measures for International TRADE

Unit IV: India’s balance of payments; inter regional Vs international trade; tariffs and trade control; exchange rate; the foreign trade multiplier.

Unit V: Foreign demand, supply side analysis, opportunity cost, trade and factor prices, implications for developing countries, market entry methods, export procedures & documentations.

Teaching methods/activities

  • Lectures
  • Cases on contemporary issues
  • Group assignments
  • Live projects
  • Policy discussions
  • Guest lectures
  • Industrial visits to firms exporting agri commodities

Suggested Reading

  • Study materials by the Center for WTO Studies, ITPO, New Delhi, The Future of Indian Agriculture

• Brouwer F and Joshi PK. 2016. International Trade and Food Security, LEI – Wageningen UR, The Netherlands.

Our Main Teachers

Dr. S. Kameswar Rao, is awarded Ph. D in Management. In his doctoral research he has undertaken a study on Local Governance. He has completed  MA in Economics, MBA with HR specialization and LLB. He is a Certified HR Manager by VSkills, a JV of Govt. of India. Mr. S. Kameswar Rao has experience of […]