-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...
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India needs to show flexibility at WTO's Bali ministerial as its collapse has long-term consequences
-The Times of India Commerce minister Anand Sharma deserves our sympathy. Driven by the way India's domestic politics is playing out, he is fast emerging as the person who has become the face of the country that, in Bali, threatens to kill WTO's Doha round after 12 years of fruitless negotiations. It need not be this way. India needs to show more flexibility at this moment as long-term consequences of a...
More »WTO rules must address food security needs of developing countries –UN expert
-The United Nations A United Nations independent rights expert called today for policy changes that will allow developing countries the freedom to use their reserves to help secure the right to food without the threat of sanctions under current World Trade Organization (WTO) rules. "Trade rules must be shaped around the food security policies that developing countries need, rather than policies having to tiptoe around WTO rules," said Olivier De Schutter, Special...
More »Food Security Non-Negotiable: Sharma to WTO Members -Rajesh Rai
-Outlook Bali: In a development that has increased the risk of collapse of Bali talks, India today in a strongly-worded message to the WTO members said the food security issue is "non-negotiable" for New Delhi. Addressing the plenary session of the 9th Ministerial Conference of the WTO, Commerce and Industry Minister Anand Sharma said the Bali package must be substantive, and historical imbalances in trade rules must be corrected to ensure a...
More »India rejects WTO offer on food security rules -Asit Ranjan Mishra
-Live Mint Anand Sharma urges updating of rules under agriculture deal to fix ‘inherent flaws', help developing countries New Delhi: India on Monday rejected the World Trade Organization's (WTO) offer on food security rules in its present form ahead of the biannual ministerial conference of the multilateral trade body beginning Tuesday in Bali, further hardening India's position on the issue. The present draft text prepared in Geneva provides developing countries temporary relief...
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