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LATEST NEWS UPDATES | WTO’s MC12 ends, India’s demand on public stockholdings for food grains pushed to 2023 -Himanshu N

WTO’s MC12 ends, India’s demand on public stockholdings for food grains pushed to 2023 -Himanshu N

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published Published on Jun 17, 2022   modified Modified on Jun 18, 2022

-Down to Earth

India had pressed for a concrete solution to the issue; but some other countries hardened their positions, resulting in a lack of consensus, according to a delegate

The 12th Ministerial Conference (MC12) of the World trade Organization (WTO) that began in Geneva June 12, ended June 16, with India’s demand to seek a permanent solution on public stockholdings (PSH) of food grains being pushed to MC13 in 2023.

A member of the Indian negotiating team told Down To Earth on the condition of anonymity that not many details could be shared as discussions continued until late night and the nitty-gritty of the green room prevented the sharing of more information

“India had aimed for a permanent solution on the PSH to protect the interests of Indian farmers and its agricultural products,” the member said.

The negotiations were crucial for India and other developing countries given the hardships caused by the COVID-19 pandemic and the Russian invasion of Ukraine such as inflation as well as ever-increasing food and fertiliser prices. The negotiations and their outcome would have defined long-term solutions for the same.

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Down to Earth, 17 June, 2022, https://www.downtoearth.org.in/news/economy/wto-s-mc12-ends-india-s-demand-on-public-stockholdings-for-food-grains-pushed-to-2023-83348?fbclid=IwAR0jEwhtrEGAaNLMXV8gfqNtawEsjv1VRwDgHhhNm_cYA4oJmMh-ETNkmTk


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