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20/06/2022 - International Relations

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June 20, 2022

Discuss the various gains secured by the country at the 12th Ministerial conference of the World Trade Organisation. (200 Words)

Refer - Business Line

Enrich the answer from other sources, if the question demands.

5 comments
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IAS Parliament 15 days

KEY POINTS

·        The WTO Ministerial Conference is the highest decision-making body in the WTO and it can change the existing rules/create new rules which are binding in perpetuity on its 164 members.

·        The major demand in agriculture was to have a permanent solution to public stockholding (PSH) for food security purposes worked out. It may be mentioned that as an interim measure to a permanent solution, a peace clause had been negotiated at MC9 in Bali (2013), prohibiting legal challenges to PSH, subject to certain conditions.

·        The demand for an expedited permanent solution along with waivers on the two issues does not figure in the MC12 outcome documents.

·        The minor demand in agriculture related to exempting purchases by the World Food Programme (WFP) from any export restrictions.

·        India was opposed to granting such a blanket exemption on the grounds that it may be required to meet domestic food shortages and price stability challenges.

·        The MC12 decision stipulating no export restrictions on WFP purchases has a caveat allowing members to exercise their rights under the WTO to address domestic food security challenges.

·        On balance, we can conclude that while India has not conceded ground on any of its core interests, many of its other demands have been given short shrift.

Harshitha G 16 days

Please review 

IAS Parliament 15 days

Try to include data to support your arguments and bring coherence in the answer. Keep Writing.

Manish 16 days

Please review !

IAS Parliament 15 days

Try to post the correct answer.

ANIL KUMAR RAM 17 days

Plzz review my answer

IAS Parliament 16 days

Good attempt. Keep Writing.

Sathishkumar 17 days

Give elaborate review

IAS Parliament 16 days

Good attempt. Keep Writing.

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