However, the contribution of agriculture to GDP has been declining from 52% in the 1950s to 30% in the 1990s and further below 20% from 2010 onwards as per data from Ministry of Statistics and Programme Implementation (MoSPI)2.
It would be easy to sit back and wait for the political process to restart, but this poses significant risk of drift and divergence in the single market. I would hope that the implementation of the system of governance provisions and own risk assessment of the interim guidelines will be manageable and useful transitional steps towards full Solvency II adoption.