-The Times of India NEW DELHI: India's domestic compulsions and the danger of breaching the subsidy cap for wheat and rice forced the government to thwart attempts by other World Trade Organization members to push through a new set of customs rules without addressing its concerns. The subsidy data, due to be released by the government over the next few weeks, will reveal that the subsidy on rice was over 9% of...
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Confusion galore on India and WTO -Pradeep S Mehta
-Live Mint India's principled stand seeking parallel progress on trade facilitation and food security agreements at the WTO is a right step While food security is a matter of national sovereignty (Mint Edit, 22 July), let us not confuse it with trade negotiations, as many are indulging in. Secondly, the World Trade Organization (WTO) issue is on production subsidies and not consumption subsidies, so it does not affect our poor consumers. India's...
More »Rural votes, old traumas drive India's WTO brinkmanship
-Reuters NEW DELHI: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to seize a historic chance to build a rural power base with his defence of farm subsidies and to banish memories...
More »WTO standoff: India may lose 'Peace Clause' if Bali pack fails -Nayanima Basu
-The Business Standard In its effort to safeguard the rights of its poor by blocking the World Trade Organization's (WTO's) trade facilitation agreement (TFA), India might lose out on securing a deal on food security, including the much-needed 'Peace Clause' agreed on during WTO's Ninth Ministerial meeting in Bali, Indonesia. WTO members have threatened that if the so-called Bali package gets derailed, every single issue that was negotiated and on which a...
More »India firm on food subsidies at WTO, trade deal at risk
-The Times of India NEW DELHI: The government on Friday refused to yield to pressure from developed countries to accept easier customs rules without its food subsidy concerns being addressed, putting at risk a likely deal at the World Trade Organization (WTO). Developed countries have stepped up the pressure on India saying failure to strike a deal on trade facilitation would stall global trade reforms and deal a massive blow to the...
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