Permanent Solution On Food Security In WTO Rules Is Must: India

"While all focus seems to be on the agreement on trade facilitation, the same sort of commitment is not evident on other Bali decisions, in particular the agreement on food security," he said. Narang stressed that the issue of food security must be taken forward in the WTO in the same time frame as other decisions taken in Bali such as trade facilitation.

"Overall balance is important even in a limited package of outcomes. The Bali outcomes were negotiated as a package and must be concluded as such," he said, adding that "developing countries such as India must have the freedom to use food reserves to feed their poor without the threat of sanctions." He expressed hope that the international community will join hands for the implementation of the Bali decisions in a balanced manner and as a single undertaking.

He said that India has stressed that trade and investment and an open, rules-based, transparent and non-discriminatory WTO-based trading system can play an important role in restoring global growth.  "As we collectively deliberate on the contours of a Post-2015 Development Agenda, it is time we unleash the full potential of international trade as an engine for growth and tool for sustainable development," he added. He underscored that strengthening the rules-based multilateral trading regime under WTO is vital and the recent trend of increasing fragmentation in favour of regional and 'plurilateral' processes is a challenge to the centrality and credibility of the multilateral trading system.

He stressed on the need to make the international trading regime more equitable and development-oriented in order for developing countries to truly benefit from international trade.

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