-The Hindu Experts and NGOs say Nairobi outcomes favour rich countries and effectively end Doha Round. In the backdrop of a political intrigue surrounding the world trade organisation’s (WTO) final Ministerial Declaration at the recently-concluded meet in the Kenyan capital, Commerce Minister, Nirmala Sitharaman, is likely to make a statement in Parliament tomorrow on what the ‘Nairobi package’ means for India. The minister will be making her statement amidst claims by international trade...
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Rich bloc wants poor nations to cut farm dole -Subodh Varma
-The Times of India After a bruising battle between the rich countries and blocs of not-so-rich ones, the Nairobi world trade organisation (WTO) meeting of 160 nations failed to reach an agreement on an issue that directly affects 250 million farmers and farm workers in India. One of the bitterest fights, continuing from previous rounds, saw India lead a group of nearly 50 developing countries to stave off attempts by richer...
More »To subsidise or not: All you need to know about food security -B Sundaresan
-Hindustan Times Commerce minister Nirmala Sitharaman has said that the WTO will have to give a permanent solution to India’s food security issue. HT explains. * What has WTO got to do with food security? The world trade organisation was established in 1995 to facilitate trade among members, who now number at 161. The WTO facilitates trade through rounds of negotiations — there have been nine rounds till now, the latest being the...
More »Keeping a finger on the pulse economy -Yoginder K Alagh
-The Tribune To ensure stable prices of pulses and attractive returns for producers, policies of domestic prices and tariffs should blend. Import duties must be calibrated with demand. As the Indian economy grows at a rate of 7 per cent plus, assuming low growth as an aberration, the food basket will diversify. Within grains, the movement will be to pulses as shown by the expert group on pulse production. The yield and...
More »India, Africa align on WTO issues
-The Hindu They are in favour of multilateral trading systems. India and Africa said on Friday that the two partners are aligned on the outstanding issues at the world trade organisation (WTO) and are in favour of multilateral trading systems. “The WTO Ministerial scheduled for December in Nairobi will be held for the first time in Africa where we will be looking for outcomes that will be of interest to both India and...
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