nairobhi meeting

Impact of nairobhi meeting in india

For a permanent solution, India had proposed either changing the formula to calculate the food subsidy cap of 10 per cent, now based on the reference price of 1986-88, or, allowing such schemes outside the purview of subsidy caps

The minister said one of the key items at the Doha round was substantial reduction of farm subsidies by developed nations and they'd agreed to withdraw these for export promotion immediately. Developing countries like India would get till 2023 to stop these subsidies, helping it compete in the global market.

On a special safeguard mechanism (SSM), the minister said it was important to note WTO had recognised the right of developing nations to seek recourse through it. India would ask for preparation of a work programme on this. SSM helps developing countries to provide protection to poor farmers in a sudden surge in import or a dip in global commodity prices.

http://www.business-standard.com/article/economy-policy/disappointed-on-dda-will-continue-fight-at-geneva-sitharaman-115122301045_1.html
http://www.thehindu.com/opinion/editorial/editorial-on-wto-meeting-in-nairobi-an-opportunity-missed-at-nairobi/article8022370.ece