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BRICS favours removal of farm subsidies

Committing to safety and long-term agri-trade policies, BRICS Agriculture Ministers today endorsed scrapping of agri-export subsidies as agreed at WTO's ministerial meeting at Nairobi.

By: | New Delhi | Published: September 23, 2016 5:30 PM
The BRICS bloc said it recognises "the importance of the conclusion of the Trade Facilitation Agreement (TFA) ratification process for perishable food trade." (PTI) The BRICS bloc said it recognises “the importance of the conclusion of the Trade Facilitation Agreement (TFA) ratification process for perishable food trade.” (PTI)

Committing to safety and long-term agri-trade policies, BRICS Agriculture Ministers today endorsed scrapping of agri-export subsidies as agreed at WTO’s ministerial meeting at Nairobi.

The ministers also underlined the need for giving due weightage to scientific principles in discussions relating to sanitary and phyto-sanitary issues.

“We acknowledge the importance of the multilateral trade system as a means of promoting global trade. In this context, we welcome the outcomes of the WTO 10th ministerial conference at Nairobi in December 2015, especially as regards the elimination of agricultural export subsidies,” said joint declaration issued at the end of 6th meet of BRICS Agriculture Ministers here.

The BRICS bloc said it recognises “the importance of the conclusion of the Trade Facilitation Agreement (TFA) ratification process for perishable food trade.”

At the Nairobi meeting, the WTO members had agreed on timeline for elimination of export subsidies, while at the Bali ministerial meeting in December 2013, the members had agreed on TFA for removing trade barriers.

Besides, the BRICS bloc comprising Brazil, Russia, India, China and South Africa agreed “to consolidate the scientific principles in sanitary and phyto-sanitary discussions) in order to provide safety and predictability to agricultural trade”.

They also decided to promote production of pulses in the BRICS countries and raise awareness among the people about their importance in dietary nutrition.

Keeping in view the impact of climate change on agriculture, the Agriculture Ministers felt the need to promote adoption of climate-resilient agri-technologies and enhance adaptive capacity through continuous exchange of information and sharing of experiences.

During the two-day meeting, the Agriculture Ministers also agreed to set up a virtual BRICS Agricultural Research Platform (BRICS-ARP), for which an MoU will be signed next month.

The proposed platform would promote food security, sustainable agri-development and poverty alleviation through strategic cooperation in agriculture among member countries.

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