Import, Not Just Export The Indian government is developing a new national agricultural trade policy that is intended to boost the country’s export of food and agricultural products. Exports have been variable since, under the Essential Commodities Act, the government imposes export restrictions whenever food prices become elevated. Only some products would become permanently exempt from export restrictions, and the government is negotiating improved market access with several countries. However, excluded from the new policy is any constraint on raising barriers to imported food when domestic prices become deflated. This is an example of the beggar-thy-neighbor approach in trade policy that prevails around the world.   Missing...