India Seeks Permanent Solution from WTO on Food Stockholding Issue amid Covid-19 Crisis
4 years, 5 months ago

India Seeks Permanent Solution from WTO on Food Stockholding Issue amid Covid-19 Crisis

News 18  

India has asked the members of WTO to constructively engage in negotiations for a permanent solution to public stockholding for food security purposes, as committed in the ministerial conferences in Bali and Nairobi. According to statements delivered by Ambassador and Permanent Representative of India to the WTO, Brajendra Navnit, at the meeting of General Council of WTO on July 22-23, a permanent solution to the issue, which is simple and can be used by developing countries, would go a long way in addressing their genuine concerns relating to food security of the most vulnerable sections of the society. "India takes this opportunity to request the members to constructively engage in the negotiations in the issue of public stockholding for food security purposes, as committed in the ministerial conferences in Bali and Nairobi," he added. "For instance, to put India, which has an annual per capita income of less than $2,500, in the same development category as the United States, with a much higher per capita GDP, would be unfair," he said, adding that there has been unilateral denying of S&DT treatment to developing countries even under the existing WTO agreements like those on subsidies and countervailing measures.

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