-Financial Express The extent of asymmetry between the support extended by the developing and the developed countries was brought to the fore in an earlier paper jointed submitted by India, China and some others. India, along with 80-odd developing countries, has sought a revision of the over three-decade-old external reference prices of farm commodities that are used by the World Trade Organization (WTO) to calculate current domestic farm subsidies extended by developing...
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WTO’s MC12 ends, India’s demand on public stockholdings for food grains pushed to 2023 -Himanshu N
-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...
More »WTO talks face deadlock over decision on patent waiver, fisheries subsidies
-PTI/ The Hindu The four-day ministerial conference that started on June 12 was extended by a day to give negotiators more time to iron out differences and strike the deal Talks at the World Trade Organisation conference hit a fresh hurdle late on Thursday with a group of countries blocking a decision on two crucial issues, temporary patent waiver for COVID-19 vaccines and eliminating harmful subsidies to promote sustainable fishing, sources said. The...
More »Farmers seek India’s exit from WTO; stage protest
-The Hindu Mysuru: Members of State Federation of Farmers and Sugarcane Cultivators Association staged a demonstration in the city on Sunday demanding India’s exit from the World Trade Organisation (WTO). The demonstration was held heeding the strike call issued by Rashtriya Kisan Mahasangha and is part of a nation-wide agitation being conducted by farmers in support of their demands. Kurubur Shanthakumar, president of Sugarcane Cultivators Association, who addressed the farmers said that ever...
More »Is the ban on wheat exports good policy? -Vikas Dhoot
-The Hindu It is ad hoc, hurts farmers’ incomes, and may not impact inflation much Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The wheat export ban came within days of a push to enhance India’s wheat supplies to the rest of the world after Russia’s invasion of Ukraine. This is a time of persistently high inflation, spurred by rising...
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