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LATEST NEWS UPDATES | India resists rich nations’ attempt to ‘divide’ developing nations, LDCs -Amiti Sen

India resists rich nations’ attempt to ‘divide’ developing nations, LDCs -Amiti Sen

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published Published on Nov 17, 2021   modified Modified on Nov 19, 2021

-The Hindu Business Line

Against postponing resolution and plans to expand provisions for LDCs alone

India is resisting attempts by developed nations to “draw a wedge” between developing countries and LDCs in the ongoing negotiations for subsidising public stockholding programmes at the WTO, under the garb of offering an early resolution, and has asked poorer nations not to fall into the trap.

“At the WTO agriculture committee on Monday, some developed nations, such as Canada and the EU, stated that a full-fledged solution to public stockholding for developing nations wouldn’t be possible at the forthcoming Ministerial Conference.

Instead, they suggested that the expanded provisions may be offered to just the LDCs. India opposed the attempted ‘driving of wedge’ and asked poorer countries to be careful as it could dilute the solution being demanded,” a Geneva-based official told BusinessLine.

‘For food security’

The G33 group of developing nations, which includes India, has been seeking a permanent solution for rules on public stockholding that will allow developing nations and LDCs to give subsidies for such programmes, including minimum support prices for farm produce, without any limitations, as it is essential for supporting the countries’ poor and for ensuring food security.

Under the Agreement on Agriculture, developing countries and LDCs have to limit subsidies for public stockholding to 10 per cent of production value, beyond which they could be penalised. At the Bali Ministerial Conference in 2013, India managed to get a `peace clause’ as part of an interim solution that allows immunity against action on breach of the ceiling limit, but it is only limited to traditional staples and excludes new programmes.

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The Hindu Business Line, 17 November, 2021, https://www.thehindubusinessline.com/news/national/india-resists-rich-nations-attempt-to-divide-developing-nations-ldcs/article37546217.ece


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