India should resist EU, US pressure on data exclusivity in farm-chemicals: GTRI flags

AI Summary

India faces increasing pressure from the EU and US regarding data exclusivity in agricultural chemicals, which the GTRI report warns could adversely impact its agrochemical sector. Potential consequences include enhanced monopolies and heightened costs for farmers, jeopardizing exports.

India faces pressure from the EU and US to adopt data exclusivity in trade deals, but a GTRI report warns this could harm its agrochemical industry. Such provisions would create extended monopolies, delay generic pesticide approvals, increase import reliance, and raise costs for farmers, potentially undermining a key export sector.