India hopes to convince WTO by Sept on food security issue

Tags: News
After the recent failure of WTO talks, India today hoped that by September it will convince the multi-lateral trading body about the need for developing nations to give subsidies on foodstocks so that it is relieved of the "draconian sword".

Commerce Minister Nirmala Sitaraman told Rajya Sabha that the tough position adopted by India and the recent talks in Geneva had been supported by many least developed countries (LDCs) and rejected the Opposition charge that the country stood isolated on the issue.

She underlined that India will not compromise on its sovereign duty to protect the interest of its farmers as well as consumers.

"On permanent solutions, we are trying to convince WTO. We are still making efforts. We hope to succeed by September," Sitaraman said while clarifying on the statement made in the Upper House.

Stating that the "draconian sword" is hanging on India and other countries on setting permanent solution by end of 2017, she said there was no need to wait till 2017 and at least the process can begin.

No progress has been made on finding permanent solution since post-Bali summit. India was getting "worried" that none of the western countries would come to talk about permanent solution on public stock holding if it had ratified the Trade Facilitation Agreement (TFA), she said.

Justifying India's stand, the minister said if India had ratified TFA, which it is committed for, there would have been not a single reason for western developed countries to discuss about permanent solutions.

The country was "wary" as developed countries are looking at plurilateral agreement and moving away from the central philosophy of WTO, which is multilateral, she said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture