Expansion of WTO work, patent relief, agriculture and food security, WTO reforms, proposed fisheries subsidy agreement and ban on electronic transmission will be important issues in the WTO meeting.
Twelfth WTO Ministerial Conference
Twelfth WTO Ministerial Conference – Photo : wto.org
Twelfth WTO Ministerial Conference – फोटो : wto.org
In the World Trade Organization (WTO) meeting to be held on Sunday amid the Ukraine-Russia war and uncertain global economic conditions, India will push for a permanent solution to the public storage of food grains for the food security programme. In the 12th ministerial meeting being held after a gap of four years, India will firmly defend the interests of farmers and fishermen.
India’s Permanent Representative to WTO B Navneet said about the 12th WTO Ministerial Conference that “on June 12 it will begin with the address by the Director General of the World Trade Organization and the envoy of Kazakhstan. A session titled ‘Challenges’ will begin, in which India is also participating.
An Indian delegation headed by Commerce and Industry Minister Piyush Goyal is participating in it. The four-day conference begins on June 12 in Geneva. The last time the meeting was held in Argentina was in 2017. The Ministerial Conference is the apex decision-making body of the 164-member WTU.
these issues will be important
In the meeting, the work of the WTO regarding the Kovid-19 epidemic, patent relief, agriculture and food security, WTO reforms, the proposed fisheries subsidy agreement and the extension of the ban on electronic transmission will be important issues.
Agriculture and food security: Exemption sought in international food aid
In this category, important issues such as public storage for food security purposes, retention and elimination of domestic subsidies, access to markets, special safeguards, export restrictions and prohibitions and transparency can be discussed. The PSH program is a policy tool under which the government buys food grains like rice and wheat from farmers at the Minimum Support Price (MSP) and stores them and distributes them among the poor.
The WTO’s agreement on agriculture limits the government’s ability to buy food at MSP. India has demanded a fast track solution to this issue. India has sought permission from WTO to export food grains from public storage for humanitarian basis and international food aid.
WTO Reform: Will help in efforts to improve functioning
A top official said that India will help in efforts to improve the organization’s functioning, but with these reforms should maintain important pillars of the WTO like special and separate treatment for developing countries, consensus-based approach, rule of law and dispute resolution system. Must go
Fisheries Subsidy: India will stand on the side of its fishermen
India will protect the interests of its fishermen on the issue of fisheries subsidy. Member countries are negotiating the elimination of subsidies for illegal, unreported and unregulated fishing. India says that developing countries that do not fish in remote waters should get at least 25 years of relief from the subsidy ban on over-fishing.
Customs ban on e-commerce business
India will strongly oppose the continuation of the customs duty on e-commerce trade and insist on abolishing it as it is adversely affecting the developing countries.
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