Business
India for finding solution to food stockholding issue first at WTO; then talk on other agri matters


By - 25 Jan 2024 10:09 PM
India would not negotiate any other issue in the agriculture sector till a permanent solution on public stockholding for food grains is found by the WTO members, an official said on Thursday. The issue would prominently figure in the 13th ministerial conference (MC) of the WTO (World Trade Organisation), scheduled from February 26-29 in Abu Dhabi.MC is the highest decision-making body of the 164-member global trade watchdog WTO."The public stockpiling of food grain is the longest pending issue. The promise was made by the members in Bali MC, and then later endorsed by subsequent conferences. "Without that, we will not take part in any discussion on any other issue on agriculture, unless the mandated issue is settled. This is our first ask," the official said.Developed countries have raised flags over India's food security programmes, such as buying rice and wheat from farmers at a government-administered price for distribution through public ration shops. They allege that this public procurement at subsidised rates and storage distorts global agri trade.However, India has maintained they have to protect the interest of poor and vulnerable farmers, besides taking care of the food security needs of a large section of the population.The government provide 5 kilogrammes of free foodgrains per month to around 80 crore poor people, free ration to about 80 crore people under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). The Covid-19 pandemic has proved the importance of such initiatives. The Geneva-based 164-member multi-lateral body deals with global exports and import-related norms. Besides, it adjudicates trade disputes between the member countries.The official said that taking the ERP at 1986-88 basis will give a distorted picture of the support measures. "In a session on agriculture, we gave a presentation about how the India programme is beneficial and also on the ERP, many delegates were surprised to see the kind of stark comparison in the ERP...what caught their attention was that one burger price is equivalent to 1,000 kg of wheat or rice prices...because ERP is 1986-88 price," the official added. |