Public Stockholdings Issue in the WTO- the Way Forward for India
Hoda, Anwarul | November 2017
Abstract
This policy paper takes stock of the current status of negotiations on the issue of public stockholding for food security on which the WTO Members are committed to agree on a permanent solution by the 11th Session of the Ministerial Conference of the WTO scheduled for December 2017 at Buenos Aires. It examines the origins of the problem and critically reviews the proposals that have been put forward to resolve it. It takes the view that the proposals made by the G33 to secure extra flexibility for providing market price support have little chance of being accepted at a time when the general sentiment worldwide is to obtain reduction in trade-distorting market price support. It recommends that India submit proposals based on economic logic and reasoning. First, non-subsidising Members must be allowed to neutralise inflation fully in fixing the support price from year to year. Second, an administered price that is equal to or below the average international prices must be recognised as non-distorting and deemed to be consistent with the requirements of the WTO Agreement. It also argues that it is not necessary for India to push hard on the issue in the light of the guarantee given to developing country Members against disputes being raised against them in the WTO. India should submit these proposals and wait for their compelling logic to be recognised in due course.
Citation
Hoda, Anwarul. 2017. Public Stockholdings Issue in the WTO- the Way Forward for India. © Indian Council for Research on International Economic Relations. http://hdl.handle.net/11540/7838.Keywords
Agroindustry
Agricultural trade
Commercial farming
Agroindustry
Sustainable development
Export volume
Export Development
Access to markets
Agricultural market
Agricultural economy
Distribution
Agricultural trade
Agricultural investment
Agricultural economy
Agricultural products
Import volume
Export volume
Tariff negotiations
Regional integration
Trade regulations
Agricultural market
Agricultural economy
Commercial agriculture
Agriculture
Sustainable agriculture
Trade Volume
Agricultural Trade
Food Security And Trade
Regional Trade Agreements
Food Security
Agriculture
Agricultural Trade
Trade
Trade Barriers
Trade Facilitation
Sustainable agriculture
Commercial agriculture
Trade Negotiations
Trade Development
Trade And Development
Regional Trade Agreements
Agricultural Trade
Agriculture Trade Liberalization
Agricultural diversification
Agricultural resource
Farm produce
Land capability for agriculture
Food Supply
Rural land use
Technological innovations
Agricultural innovations
Farm supply industry
Natural resource
Adaptive natural resource management
Produce trade
Poor
Price Indexes
Integrated rural development
Cost and standard of living
Population
Crop improvement
Rice farming
Crop
Food industry
Perishable goods
Food
Agricultural resource
Farm produce
Natural products in agriculture
Plant products industry
New agricultural enterprises
Agricultural industry
Foreign trade and employment
Perishable goods
Consumer goods
Agricultural products
Agricultural industry
Food industry
Food Safety
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