Brazil, EU propose reduction in farm subsidies, may impact India
The Dollar Business Bureau Brazil and the European Union (EU) have jointly proposed a cut in the incentives provided by developing economies to the farmers, a step that could adversely impact India, along with other emerging countries. In a paper to the World Trade Organisation (WTO), jointly prepared by the two, it proposed a reduction in the limits on subsidies given to farmers by developing economies. If the given proposal is approved, India would not be able to provide any subsidy apart from the minimum support price (MSP) and may have to curb the incentives for disease and pest control, infrastructure, marketing services, etc. In addition, the proposal asks to ban exports of food stocks that are meant for public distribution in ...
India to push for long-stalled Doha talks in 2016: WTO
Source: PTI Trade ministers of WTO member countries concluded their talks on December 19 without any commitment from developed countries on cutting farm subsidies After a ‘disappointing’ year at WTO, India is looking to beef up its efforts in 2016 to push for early conclusion of the long-stalled Doha Round talks at the global trade body and for finding a permanent solution to food security issues. At its recent Nairobi meet, the World Trade Organisation failed to address the concerns of developing countries, resulting in India coming back 'thoroughly disappointed' as far as the 14-year-old Doha commitments are concerned. Successful conclusion of the Doha Round agenda has been very important for developing countries and one of the main pending issues is ...
