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LATEST NEWS UPDATES | WTO: West’s Smoke & Mirror Tactics -Ranja Sengupta

WTO: West’s Smoke & Mirror Tactics -Ranja Sengupta

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published Published on Aug 8, 2014   modified Modified on Aug 8, 2014
-Business World
 

The WTO Bali deal is ultimately a battle between food for the poor and trade for the rich

The current global uproar at India's refusal to ratify the Trade Facilitation Agreement of the WTO Bali Declaration is a classic example of how meticulously orchestrated media hype and misdirected "expert opinions" attempt to pressurise developing countries into submission at global negotiations.

India's primary interest is the food security proposal for ensuring essential subsidies to protect the livelihoods and food of about 60-70 per cent of its population. India has every right to demand that the agreed principle of "single undertaking" of Para 47 of the Doha Ministerial Declaration be respected so that a permanent solution on food security can be reached simultaneously with the Trade Facilitation Agreement (TFA) which is and should be a much lower priority for India.

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Business World, 7 August, 2014, http://www.businessworld.in/news/economy/wto-west%E2%80%99s-smoke-&-mirror-tactic/1475288/page-1.html


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