WTO trading system amid food woes
India and Egypt, along with around 90 other countries have pushed to establish a fairer trading system at the World Trade Organization (WTO) and enhance domestic production amid the severe food and nutrition challenges being experienced by many net food-importing developing countries and least developed countries.
- At a meeting of the Committee on Agriculture at the WTO, India said that a permanent solution for food security is a long overdue mandate and insisted on a solution that the General Council can approve without waiting for the next ministerial conference of the multilateral trade body.
- The ACP (African, Caribbean and Pacific countries) Group, G33 Group, the African Group, and least developed countries demanded food security to be at the heart of the future agriculture negotiations.
- They also stressed that more policy space is needed to tackle food insecurity, in particular a permanent solution on public stockholding for food security purposes along with a special safeguard mechanism to check sudden import surges and price drops.