We Think, We Can

India to host meeting of WTO member countries on

food security and other issues

India is planning to host meeting of World Trade Organization (WTO) member

countries in February 2018 to muster support for food security and other issues. It
was announced by Commerce and Industry Minister Suresh Prabhu while
speaking at event organized by Apparel Export Promotion Council, AEPC in New
Delhi.

Key Facts-

The proposed meeting will be in backdrop of developed nations forming

groupings to prepare ground for pushing new issues i.e. investment facilitation,
preparing rules for e- commerce, promoting gender equality and reducing subsidy
on fisheries with view to curbing illegal, unreported and unregulated fishing.

India has been keenly pushing agriculture issues at WTO. It has also been raising
its voice against bringing new issues, especially those which are not directly linked
to trade, on the negotiating table. The meeting will help to multi-lateral process.

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 We Think, We Can

Background-

India had expressed its deep disappointment over the USs refusal to agree on
the public stockholding issue at the recently concluded World Trade Organisation
(WTO) 11th Ministerial Conference (MC 11) in Buenos Aires, Argentina. The MC
11 had concluded in deadlock without any substantial outcome as consensus
eluded the 164-member body.

The deadlock came after US and other developed countries blocked permanent
solution on government stockholding for food security purposes followed by
toughened stand on new issues by India and other developing countries.

However, member states did agree to secure deal on elimination of fisheries

subsidies by next ministerial in December 2019.

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