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WTO talks on brink of collapse on food security issue
01:53:27 PM | Wednesday, December 13th, 2017

Source: https://economictimes.indiatimes.com
Author: PTI

Any views expressed in this article are those of the author and not of Philippine Statistics Authority.

Talks at the 11th Ministerial meeting of the World Trade Organisation (WTO) is on the brink of collapse, with the US refusing to engage in the effort to find a permanent solution to the public stock holding issue, official sources said.

On the third-day of the conference here, Assistant US Trade Representative Sharon Bomer Lauritsen in a small group meeting said that permanent solution to the food stock holding issue was not acceptable to America, the sources said.

With the US not participating in the negotiation on the crucial issue, which the 11th ministerial is mandated to deliver, talks will collapse, said an official.

India has all through been maintaining that a permanent solution to food stockpile issue was a "must have" at the ongoing ministerial and failure to do so would impact the credibility of the strong multilateral trade institution.

The Indian team led by Commerce and Industry Minister Suresh Prabhu, in cooperation with the G33 grouping, is pitching hard for permanent solution to food security issue as it is crucial for livelihood of 800 million people across the globe.

Read more: https://economictimes.indiatimes.com/news/international/business/wto-talks-on-brink-of-collapse-on-food-security-issue/articleshow/62044699.cms

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