India Can Help Find Solution To Food Security Issue: WTO

JAIPUR: India can play an important role in the coming months in engaging constructively to find a permanent solution to the food security issue at the WTO, the world trade body chief, Roberto Azevedo, said.

Speaking at the CII’s partnership summit in Jaipur, Azevedo who is the Director General of WTO, also said the member countries should implement the trade facilitation agreement on time as it would help in reducing cost of commerce and boosting exports.

“Members now have to work constructively together towards finding a permanent solution on this issue. We have a target date to conclude the negotiations of December this year. So we don’t have any time to lose. I look forward to India playing a leading role in this regard in the coming months,” he said.

The WTO chief also met Commerce and Industry Minister Nirmala Sitharaman separately. He said that developing countries played a significant role in the success of the Bali talks that took place in December 2013.

“The first decision, and clearly the most important for India, was a clarification of the Bali Decision on Public Stock holding for Food Security Purposes, namely to unequivocally state that the peace clause agreed in Bali would remain in force until a permanent solution is found,” he said.
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