-Outlook Bali: Dismissing the suggestion that India was insisting on food security because of the ensuing general elections at home, Commerce and Industry Minister Anand Sharma today said New Delhi was only pursing an old proposal and stressed that "no agreement" would be better than a bad one. The Minister, at a packed press conference, made it clear that New Delhi was not prepared for any compromise on the food security issue,...
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Willing to settle for deal on 8 out of 10 issues at WTO meet: India-Sidhartha
-The Times of India BALI: With a consensus at the World Trade Organization remaining elusive till early afternoon, India on Thursday said that it has no problems with a deal on eight of the 10 subjects on the table and would not be averse to the idea of further negotiations on the contentious food security and trade facilitation issues in Geneva if an agreement is not reached here. While there are few...
More »Grain glut -Jyotika Sood
-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...
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 not to compromise on food security at WTO ministerial meeting: Anand Sharma
-PTI BALI: On the eve of WTO ministerial meeting here, India on Monday said the interim solution on food security as currently designed is not acceptable and the country won't compromise its farmers' interest or succumb to mercantilist ambitions of rich nations. There is a national consensus and complete political unanimity on this matter in India, commerce and industry minister Anand Sharma said, adding: "It is therefore difficult for us to accept...
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