The World Trade Organization (WTO) is likely to draft a revised text for an agriculture package to break the deadlock in farm talks at the meeting. Possible deliverables on improved transparency, including the advance notice for export limitations, exemption from export restrictions for the UN World Food Programme, can be part of the package.
- Flipkart Appoints Dan Bartlett to Board
- IIT Bombay Sets Up Rs 100 Crore Venture Capital Fund for Startups
- Tata Power Inks MoU with Asian Development Bank for $4.25 Billion
- Innovators Facade Shares Skyrocketed 11% on Securing Orders Worth Rs 110 Crore
- Stocks in Focus: SJVN, Tata Power, Afcons Infrastructure, and Others
The package comes after talks on farm subsidies got stuck as China, India, the African Group, and the Caribbean and Pacific countries insisted that trade-distorting support given by developed countries be checked first. On subsidies for public programmes, differences remain to expand the peace clause to all developing members and new products. The peace clause protects the food procurement plans of developing countries against action from WTO members if the subsidy ceilings of 10 per cent of the value of food production are breached.