Wto Agreement On Food Security
Since 2013, WTO members have agreed to negotiate and find a lasting solution to the issue of public storage programmes for food security purposes. Under these programmes, developing countries buy and store food and distribute it to people in need. However, some of these programmes involve the support of farmers and are therefore seen as a trade distortion. Price differences in domestic and international markets will remain only until agricultural subsidies continue. As soon as this subsidy to farmers and the general population for food security is replaced, under the WTO, by open market subsidies through money transfers, prices will rise in India as markets dictate the prices of cereals, pulses, oilseeds and other agricultural products, such as market and diesel prices, not government-driven. In July 2008, the task force developed its first framework of action, in which it presented its strategy and guiding principles and adopted a comprehensive approach to food security, including food availability, access, stability and use. In September 2010, the framework was updated to cover a wider range of issues and a more detailed treatment of all aspects of food security. The WTO secretariat and other agencies involved in the task force contributed to the development of the framework. Although no agreement has been reached on public storage and agricultural subsidies, India has already begun to reduce subsidies.
On 13 July 2017, when india presented its grant account to the WTO, it was pleased to announce that it had not exceeded the limit of agricultural subsidies. The subsidy for fertilizers, irrigation and electricity, which stood at $29.1 billion in 2011, was reduced to $22.8 billion in 2014. In addition, undistorted subsidies from the market (called green box subsidies in the WTO) have also been sharply reduced, from $24.5 billion in 2011 to $18.3 billion in 2014. In April 2008, following rising food prices, the WTO joined a high-level task force on the global food security crisis. The task force, chaired by the UN Secretary-General, is made up of leaders or other representatives of 22 international organizations, including the WTO and relevant parts of the UN secretariat. According to the Ministry of Consumer Affairs, Food and the Public Distribution System, the food subsidy bill was Rs 1.13 lakh crore in 2014-15. However, the Food Security Act has not been implemented across the country this year. When the law was extended to the whole country in 2015/16, the subsidy increased to 1.35,000 Ds. However, in 2016/2017, this reduction was significantly reduced to rs 1.05.
lakh crore. This happened because the government decided to turn the indian Food Corporation grant into 45,000 kronor into debt. For example, on March 31, 2017, 25,000 kronor was converted into debt to the company from the National Small Savings Fund.