India to pursue a permanent solution on public stockholding for food security in WTO meet
Saturday, May 28, 2022
  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • Subscribe
Home World

India to pursue a permanent solution on public stockholding for food security in WTO meet

WEB DESK by WEB DESK
Nov 18, 2021, 10:12 am IST
in World, Opinion
World Trade Organisation (WTO) at Geneva (Photo Credit: The Financial Express)

World Trade Organisation (WTO) at Geneva (Photo Credit: The Financial Express)

Share on FacebookShare on TwitterTelegramEmail

Finding a permanent solution to public food stockholding is linked to the survival of 800 million hungry people across the globe and  India has been seeking amendments in the formula to calculate the food subsidy cap.

 

New Delhi: India's stand in the forthcoming meeting of the World Trade Organisation (WTO) at Geneva, starting from November 30, to find a permanent solution to the issue of public stockholding for food security purposes.

A government official on condition of anonymity told ANI that "something may come up on public stockholding and domestic support, which are part of negotiations on the agriculture sector in the 12th ministerial conference, which is scheduled at November 30-December 3 at Geneva."

"Now that the 12th meeting is approaching, a number of submissions are being made at the WTO for advancing negotiations in agriculture. India along with the G33 (group of nations) has been engaging in achieving a permanent solution to the public stockholding issue," the government official said.

The official added that the public stockholding (PSH) is a must for India because it has a mandate, "which goes back a long period of time and India will pitch for that".

Finding a permanent solution to the issue of public food stockholding is linked to the survival of 800 million hungry people across the globe.

Under the global trade norms, a WTO member countries' food subsidy bill should not breach the limit of 10 per cent of the value of production based on the reference price of 1986-88.

Apprehending that full implementation of the food security programme may breach the WTO cap, India has been seeking amendments in the formula to calculate the food subsidy cap.

As an interim measure, the WTO members at the Bali ministerial meeting in December 2013 had agreed to put a mechanism popularly called the Peace Clause and committed to negotiating an agreement for a permanent solution at the 11th ministerial meeting at Buenos Aires.

At the Nairobi Ministerial Conference held in December 2015, WTO members agreed to engage constructively to negotiate a permanent solution.

Under the Peace Clause, WTO members agreed to refrain from challenging any breach in the prescribed ceiling by a developing nation at the dispute settlement forum of the WTO.

This clause will be there till a permanent solution is found to the food stockpiling issue.

India has invoked the clause in 2018-19 (13 per cent) and 2019-20 (11 per cent) as it breached the subsidy cap for rice.

The current discourse in agriculture negotiations at the WTO includes developed members seeking developing countries to take on additional commitments in terms of enhanced market access, reduction in policy space through reduced domestic support.

The chair of the committee on the agriculture-special session of the WTO has come up with a draft ministerial text on PSH for the 12th ministerial conference wherein two options have been proposed, including to continue negotiations on PSH beyond the 12th meeting.

"India has not agreed to these options," the official said. Therefore the chair text has not considered the G33 proposal and is therefore not agreeable to India. India neither wants to link the PSH issue with other agriculture issues nor a work programme.

The seven negotiating areas under agriculture are domestic support, market access, export competition, export restrictions, cotton, special safeguard mechanism, public stockholding for food security purposes and transparency. 

Courtesy: ANI

   

 

 

  

                    

ShareTweetSendShareSend
Previous News

West Bengal: BSF won’t probe law & order situation of the state, says ADG BSF

Next News

25th Century BCE Sun Temple Found in Egypt

Related News

UDAN: New milestone achieved in strengthening aerial connectivity with North-Eastern states of the country

DGCA fines IndiGo Rs 5 lakh for denying boarding to child with special needs

Kerala: Two PFI leaders booked over minor boy’s provocative slogans

Father of minor boy who called for genocide of Hindus and Christians in PFI rally arrested

Karnataka Govt to establish ‘anchor bank’ to facilitate women’s SHG activities

Karnataka CM calls for abiding by High Court’s order after hijab issue resurfaces

In 8 years we made India of Mahatma’s dreams, gave dignity to poor: PM Modi

‘Goal to ensure 100 pc coverage of benefits of schemes’: PM Modi on 8-year of NDA govt

No Hijab in Classrooms, Will Facilitate Admission of Adamant Students in Other Institutes, Says Mangaluru University

No Hijab in Classrooms, Will Facilitate Admission of Adamant Students in Other Institutes, Says Mangaluru University

Assam govt working to make state ‘industrial hub’: CM Himanta Biswa Sarma

Assam govt working to make state ‘industrial hub’: CM Himanta Biswa Sarma

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

UDAN: New milestone achieved in strengthening aerial connectivity with North-Eastern states of the country

DGCA fines IndiGo Rs 5 lakh for denying boarding to child with special needs

Kerala: Two PFI leaders booked over minor boy’s provocative slogans

Father of minor boy who called for genocide of Hindus and Christians in PFI rally arrested

Karnataka Govt to establish ‘anchor bank’ to facilitate women’s SHG activities

Karnataka CM calls for abiding by High Court’s order after hijab issue resurfaces

In 8 years we made India of Mahatma’s dreams, gave dignity to poor: PM Modi

‘Goal to ensure 100 pc coverage of benefits of schemes’: PM Modi on 8-year of NDA govt

No Hijab in Classrooms, Will Facilitate Admission of Adamant Students in Other Institutes, Says Mangaluru University

No Hijab in Classrooms, Will Facilitate Admission of Adamant Students in Other Institutes, Says Mangaluru University

Assam govt working to make state ‘industrial hub’: CM Himanta Biswa Sarma

Assam govt working to make state ‘industrial hub’: CM Himanta Biswa Sarma

Randeep Hooda Reveals First Look of Swantantra Veer Savarkar movie

Randeep Hooda Reveals First Look of Swantantra Veer Savarkar movie

‘Don’t justify terrorism’: India slams Islamic Nations group’s remark on Yasin Malik

‘Don’t justify terrorism’: India slams Islamic Nations group’s remark on Yasin Malik

In 8 years we made India of Mahatma’s dreams, gave dignity to poor: PM Modi

In 8 years we made India of Mahatma’s dreams, gave dignity to poor: PM Modi

Gyanvapi Case: Muslim side urges court to not allow survey photos, videos come in public domain

Gyanvapi Case: Muslim side urges court to not allow survey photos, videos come in public domain

  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • About Us
  • Advertise
  • Circulation
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies