India World Trade Organization (WTO) The ministerial-level meeting beginning on November 30 will try to find a permanent solution to the issue of public storage for food security. A senior government official said on Wednesday that the meeting is expected to reveal something on public stockholding and domestic support. The issue of public stock holding is being considered very important in the ongoing negotiations regarding the agriculture sector. The ministerial meeting, which is considered to be the top policy-making body of the WTO, will start from November 30 this time till December 3. It will include representatives of 164 member countries of the WTO.
“With the 12th ministerial meeting approaching, several proposals are being made to intensify the ongoing negotiations in the agriculture sector. India, along with the G-33 group, is trying to find a permanent solution to the public stockholding,” the official said. Describing the need for public stock holding for India, he said that India has been making this demand for a long time and will raise its voice even further. He said that this issue is related to the subsistence of about 800 million hungry people across the world.
In fact, under WTO standards, the food subsidy bill of a member country should not exceed the 10 per cent limit of the product value. India has been demanding necessary changes in this provision considering it as a hindrance in the way of its food security programme. Under the interim arrangement, the Bali ministerial meeting held in 2013 had given a temporary exemption and talked about finding a permanent solution in the future.
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