Procuring Food Stocks Under World Trade Organization Farm Subsidy Rules
Finding a permanent solution
The interim 2013 Bali Decision (WTO, 2013) to exempt public stockholding programs from legal challenge under certain conditions could be a constructive way forward, with some technical fixes
The upcoming 12th Ministerial Conference of the WTO provides members with the opportunity to find a long-lasting solution to how public stockholding programs should be notified to the WTO.
This report summarizes the current negotiating proposals at the World Trade Organization that include among others: exempting food bought at administered prices under public stockholding programs from the calculation of trade-distorting support; revisiting the external reference price in the calculation of market price support; taking into consideration excessive rates of inflation; redefining eligible production; including new programs; and expanding product coverage. The report then analyzes the evolving market and policy context, including for key commodities such as rice and wheat. Finally, it examines the advantages and disadvantages of various possible ways in which the public stockholding issue could be addressed and identifies possible ways forward.
You might also be interested in
WTO Agriculture Talks: Prospects for progress on SDG 2
This policy brief describes the state of play in agriculture negotiations at the World Trade Organization, including the positions of key members and negotiating coalitions, and looks at possible options for supporting progress on Sustainable Development Goal 2.
How Can Voluntary Sustainability Standards Drive Sustainability in Public Procurement and Trade Policy?
The growing use of sustainability standards in public policies is a promising trend, so long as small-scale farmers and businesses are not left behind.
Companies pledge millions to end hunger in the world by 2030 as part of the Zero Hunger Private Sector Pledge
On September 21, 2021, 42 companies pledged a promising USD 345 million to contribute to ending global hunger as part of a new initiative led by key international organizations.
A paradigm shift
Solarization of India's irrigation system — driven by PM-KUSUM — coincides with the growing demand for electricity consumption in the agricultural sector.