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India fighting at WTO to ensure food security, SSM
The decision was taken to ensure that the food security initiatives do not compromise the broader deal of ensuring the playing field in agricultural trade is level to allow all players to compete equitably.
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“WTO members – especially developing countries – have consistently demanded action on this issue due to the enormous distorting potential of these subsidies for domestic production and trade”, he said. “On this we are told that there is convergence when in fact, there appears to be little”, Commerce Minister Nirmala Sitharaman today said at the Plenary Session here.
Change is coming… Australian farmers set to benefit from the WTO phasing out agricultural export subsidies and restricting agricultural export credits.
They also agreed on flexible rules of origin and exports of LDCs for promotion of exports from LDCs that will facilitate integration into global trade. The elimination of export subsidies has been a goal that successive New Zealand Ministers and trade negotiators have worked tirelessly toward for decades.
“Failure at Nairobi would have been nothing short of disastrous for the worldwide trading system”. The new draft on agriculture and Nairobi Ministerial is expected to be discussed in the meeting of heads of delegations at 1100 hours (local time) here.
The poor countries insist a timeline that considers the immediate lifting of the subsidized production of crops such as cotton, maize and other products, should be agreed at the Nairobi meeting.
According to the declaration, developed nations will eliminate their scheduled farm export subsidies immediately, while developing countries will get rid of theirs from 2018. Wish to say that SSM was not even on the cards when we arrived at Nairobi.
Kenyan Minister Mohamed also said at a press conference that there were no differences between India and Africa and all were working towards a deal.
“We note with concern the slow and uneven recovery from the severe economic and financial crisis of 2008, resulting in lower global economic growth, depressed agricultural and other commodity prices, raising inequalities, unemployment and significantly slower expansion of worldwide trade in recent years”.
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Ministers meeting this week should decide whether the World Trade Organisation continues to negotiate major trade deals that have proved elusive or find it a more modest mandate, like arbitrating trade rows, the summit host Kenya said yesterday.