1. WTO: India to stand firm on food security solution at Nairobi

WTO: India to stand firm on food security solution at Nairobi

India will ask for the WTO’s ministerial declaration to mention a special safeguard mechanism to protect farmers from any surge in imports or steep decline in prices

By: | New Delhi | Published: December 11, 2015 3:20 AM

India will insist on working towards a permanent solution for its food security at the upcoming ministerial of the World Trade Organisation (WTO) in Nairobi despite having a permanent peace clause in this regard, and also seek the completion of the Doha Round, commerce and industry minister Nirmala Sitharaman reiterated on Thursday.

India will also want the WTO’s ministerial declaration to mention the special safeguard mechanism (SSM) to protect farmers from any surge in imports or steep decline in prices, she added.

The Doha Round of negotiations, launched in 2001, have remained stalled since 2008 over differences between developed and developing nations, primarily over the huge subsidies given to farmers by the rich countries.

Commerce secretary Rita Teaotia said apart from permanent solutions and SSM, India expects a package for least- developed countries from the next WTO meeting, scheduled for December 15-18.

On the new issues, Teaotia also said that “we can identify those issues and try to make consensus on those after concluding the Doha Round”.

“We want to see the Doha Round to come to a logical conclusion. A new round without Doha is not acceptable,” she added. The new issues being pushed by the rich nations include investments, competition and e-commerce.

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