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    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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    Citable URI
    http://hdl.handle.net/11540/7838
    Metadata
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    Thumbnail
    Policy_Series_17.pdf (1001.Kb)
    Author
    Hoda, Anwarul
    Theme
    Agriculture
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise