BackIndia not blocking rule-based global trade: Narendra Modi
But interests of India's poor and farmers cannot be sacrificed, says Prime Minister
Premium
New Delhi: Weeks after India was accused of blocking World Trade Organization (WTO) talks over the food subsidy issue, Prime Minister Narendra Modi on Tuesday said the country does not stand in the way of rule-based global trade but the interests of its poor and farmers cannot be sacrificed.
He conveyed India’s position to visiting director-general of the Food and Agriculture Organization (FAO) Jose Graziano da Silva, whom he urged to take the lead in protecting the interests of the poor and farmers at the World Trade Organisation.
During the meeting with da Silva, Modi said India wants the active participation of FAO in addressing the emerging challenges in Indian agriculture and in designing a special campaign targeted at women in India, which would highlight ways to improve nutritional value and food habits.
“India does not stand in the way of a rule-based global trade agreement, but India cannot sacrifice the interests and food security of the poor and the farmers," Modi said when da Silva called on him, according to a PMO (Prime Minister’s Office) statement.
In the WTO talks in Geneva in July, India had taken a tough stance on the issue of foodgrain holding and food subsidy, after which the US blamed it for the failure of the negotiations.
The 160 members of WTO had gathered there to adopt a treaty to simplify, standardize and streamline the rules for shipping goods across borders, having previously agreed to its terms at a ministerial conference on the Indonesian resort island of Bali last December.
However, India refused to agree to the text because it wanted more attention paid to its concerns over WTO limits on stockpiling of food which will ultimately hit its subsidised food distribution programme, the world‘s largest, targeted at nearly 850 million people.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
