Kunal RastogiAIR 15 · CSE 2023 · 189 wordsTheir whole copy
Opening · a definition
WTO is an international multilateral organisation formed under Marrakesh Treaty after Uruguay round (1995) to ensure smooth, open & predictable global trade.
Body · points
Free trade food Security dilemma
- Developed country wants to reduce the Amber box subsidy (trade distortion) and urge developing country to open markets.
- Developing & LDC country want enhanced subsidy, public stockholding to ensure income & food security of farmers.
WTO: Solution remains unfulfilled
Bali Peace Clause of 5% & 10% subsidy limits are alleged to be too low by developing country.
Nairobi declaration of public stockholding for developing country is merely on paper.
The dysfunctional dispute resolution mechanism creates new challenges.
Doha developmental agenda regarding SPS measures & nontariff barrier by developed country is still not removed.
Progress towards Solution
- 12th Ministerial conference created -> temporary waiver for public stockholding and extension of Bali Peace clause -> freedom of food to World Food Programme -> Commitment to restart the Doha agenda with Cornwall Consensus
- People
- Planet
- Profit
Close · a framework
Above spirit must be continued to ensure harmonious balance between trade and food security to achieve SDG-2 (Zero Hunger).