The negotiations at the World Trade Organization’s (WTO’s) mini-ministerial meeting on agriculture this month failed to make expected progress as politically sensitive issues such as public stockholding for food security and domestic support for farmers continue to divide the developed and developing nations such as India.
This assumes significance for New Delhi as its public stockholding (PSH) programme was challenged by large food grain exporters such as the US and Canada on the grounds that it is highly subsidised, especially for rice, and that this is distorting the global foodgrain market. India is the largest rice exporter in the world.
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