Differences remain amid some headway at WTO MC13
Business Standard|March 04, 2024
Issues like subsidies, public stockholding for food security persist
SHREYA NANDI
Differences remain amid some headway at WTO MC13

Notwithstanding intense negotiations lasting over five days, the 13th Ministerial Conference N (MC13) of the World Trade Organization (WTO) ended in a status quo. No consensus was reached on most key issues, leading to no visible outcomes.

Divergences in positions persisted on crucial matters such as curbing subsidies contributing to overcapacity and overfishing, and public stockholding for food security - a foremost priority for India.

While MC13 saw no specific outcomes, countries resolved to establish a fully functioning dispute settlement system accessible to all members by the end of 2024.

Even without a resolution on India's primary demand regarding grain stockholding, Commerce and Industry Minister Piyush Goyal expressed satisfaction, emphasising that India has retained full policy space for the benefit of its farmers.

Business Standard examines the outcomes of MC13, highlighting key hits and misses for India.

AGRICULTURE

What India wanted

India, along with other developing countries, sought a 'permanent solution' to the public stockholding issue - a policy tool used by governments for procuring, stockpiling, and distributing food for domestic food security. This was India's foremost priority in agriculture.

Outcome

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