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India Keen on World Trade Organisation (WTO) Endorsement on Food Subsidy

July 24, 2014 by Admin Leave a Comment

  • India may not approve the trade facilitation protocol at an important WTO meeting; it does not simultaneously endorse its concerns about food subsidies to feed its poor, said official sources
  • India is being pressurized by the developed countries to drop its demand on food subsidy and support endorse the protocol for trade facilitation agreed upon by WTO members in Bali
  • India will be at risk if its drops its demands as WTO members can take a legal action in case if subsidy exceeds 10% of the total production value of a basic agricultural commodity
  • The deadline for signing trade facilitation protocol is another week; New Delhi fears if that this limit is breached to meet its programme for feeding the poor
  • The main reason India insisted at Bali for an agreement on both matters was to increase the limit on food subsidy and endorsing the trade facilitation protocol
  • Along with India some other developing countries are facing the same situation and cannot decide within a week to find a solution not to breach WTO caps of food subsidy
  • Read at: http://www.thehindu.com/todays-paper/tp-national/india-keen-on-wto-endorsement-on-food-subsidy/article6243549.ece

Filed Under: Current Affairs, Economy

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