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Intro -- Endorsements -- Foreword -- Acknowledgment -- Contents -- About the Author -- Abbreviations -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 Introduction -- 1.2 Food Security in Doha Round of Multilateral Trade Negotiations -- 1.3 Price Support and Food Security Policy in Developing Countries -- References -- 2 Domestic Support Under Agreement on Agriculture -- 2.1 Introduction -- 2.2 Domestic Support to the Agriculture Sector -- 2.2.1 Green Box -- 2.2.2 Blue Box -- 2.2.3 Amber Box -- 2.3 Product Specific Support and Food Security -- References -- 3 Food Security and Agriculture Sector -- 3.1 Food Security Situation in Selected Countries -- 3.2 Importance of the Agriculture Sector -- 3.3 Government Intervention in the Agriculture Sector -- References -- 4 China: Product Specific Support to Wheat Under WTO Regime -- 4.1 Introduction -- 4.2 China Price Support Mechanism for Wheat -- 4.3 Trend in Domestic Support to the Agriculture Sector -- 4.3.1 Trend in Domestic Support to Wheat Producers in China -- 4.3.2 Product Specific Support to Wheat Under Different Scenarios -- References -- 5 Egypt: Product Specific Support to Wheat Under WTO Regime -- 5.1 Introduction -- 5.2 Egypt's Price Support Mechanism for Wheat -- 5.3 Agreement on Agriculture (AoA) and Domestic Support to the Agriculture Sector -- 5.4 Agreement on Agriculture (AoA) and Product Specific Support to Wheat -- References -- 6 India: Product Specific Support to Wheat and Rice Under WTO Regime -- 6.1 Introduction -- 6.2 India's Price Support Mechanism for Wheat and Rice -- 6.3 Agreement on Agriculture (AoA) and Domestic Support to the Agriculture Sector -- 6.3.1 Notified Domestic Support to the Agriculture Sector -- 6.3.2 Product Specific Price Support to Wheat and Rice in India -- References -- 7 Indonesia: Product Specific Support to Rice Under WTO.

Our purpose is to undertake a comparative analysis of the likely impact of tariff reduction under the Trans-Pacific Partnership (TPP) on various macro and trade variables of the Indian economy under different scenarios. The TPP was concluded in October 2015, but it is yet to be ratified by the partner countries, and while Asian giants like India, China and Korea have not joined the TPP, there are some talks about their joining the partnership in future. Ours is a unique study that evaluates India's perspective on joining the TPP, in terms of tariff reduction, and not in terms of the removal of non-tariff barriers. We employ the widely used standard Global Trade Analysis Project (GTAP) model for this exercise. This is a unique framework with a global economy-wide approach, in a Computable General Equilibrium (CGE) setting. Five different scenarios of complete integration in terms of tariff reduction between different regions are simulated using the GTAP model. Under each scenario, the tariff among members of a group of regions is eliminated, but is unchanged for other regions. Higher welfare arising from allocative efficiency comes with the cost of a relatively lower consumption of domestic products and investment, resulting in a loss in terms of GDP. Therefore, we conclude that there are mixed prospects and no strong reason for India to pursue being part of the TPP in future, from a perspective of tariff reductions. JEL Classification: F15, F17