New Delhi: Forward world trade organization In the ministerial meeting starting on Sunday, India has made it clear that it will insist on using it. FCIStock to provide aid to countries facing food crisis.
While around 80 countries are insisting on supporting the global trade body world food program (WFP)-driven scheme, an Indian official said on Thursday that the mechanism is already in place and despite pledging large amounts, the WFP had pulled out only about a tenth of the supply from the country’s committed shares.
Food security is set to be a major concern in the wake of rising global prices due to disruptions after the Ukraine conflict, even as India reiterated its demand to find a permanent solution to the public stockholding issue raised by WTO members in 2013. Went. India believes that it will provide a certainty to its food procurement program operated through the FCI.
Sources also indicated that India was open to discussing a reform program for the WTO, unless its basic character, including providing special and differential treatment to developing and poor countries, is not compromised. There have been attempts by the US, the European Union and other developed countries to treat China, India and Brazil differently, a move New Delhi has opposed.
India, represented by the Minister of Commerce and Industry Piyush GoyalIt is also inclined that other key aspects like consensus-based approach, equal voice for all WTO members and dispute settlement should be retained. At the same time, it does not believe that multilateral negotiations – where a group of countries finalize rules on aspects such as information technology, services or investments – should be provided legal backing under WTO decisions.
While around 80 countries are insisting on supporting the global trade body world food program (WFP)-driven scheme, an Indian official said on Thursday that the mechanism is already in place and despite pledging large amounts, the WFP had pulled out only about a tenth of the supply from the country’s committed shares.
Food security is set to be a major concern in the wake of rising global prices due to disruptions after the Ukraine conflict, even as India reiterated its demand to find a permanent solution to the public stockholding issue raised by WTO members in 2013. Went. India believes that it will provide a certainty to its food procurement program operated through the FCI.
Sources also indicated that India was open to discussing a reform program for the WTO, unless its basic character, including providing special and differential treatment to developing and poor countries, is not compromised. There have been attempts by the US, the European Union and other developed countries to treat China, India and Brazil differently, a move New Delhi has opposed.
India, represented by the Minister of Commerce and Industry Piyush GoyalIt is also inclined that other key aspects like consensus-based approach, equal voice for all WTO members and dispute settlement should be retained. At the same time, it does not believe that multilateral negotiations – where a group of countries finalize rules on aspects such as information technology, services or investments – should be provided legal backing under WTO decisions.