Economics · Agricultural Trade

Consider the following statements regarding agricultural trade liberalisation and its implications for Indian farmers: I. The WTO Agreement on Agriculture permits member countries to provide domestic support to farmers, subject to product-specific and non-product-specific limits, and such support can influence competitiveness in international agricultural trade. II. Inclusion of agriculture in bilateral trade agreements can expose domestic producers to import competition, particularly in segments where price support mechanisms like MSP and procurement do not uniformly cover crops and regions. Which of the statements given above is/are correct?