Today, we are extremely discouraged that a small handful of members in this organisation are ready to walk away from their commitments at Bali, to kill the Bali agreement, to kill the power of that good faith and goodwill we all shared, to flip the lights in this building back to dark, Punke said. business-standard/article/pti-stories/wto-india-says-no-to-tfa-without-resolving-food-security-issue-114072501529_1.html The current WTO norms limit the value of food subsidies at 10 per cent of the total value of food grain production. However, the support is calculated at the prices that are over two-decade old and not at current prices. India is asking for a change in the base year (1986) for calculating the food subsidies. The US gives about USD 120 billion as agriculture subsidy as compared to Indias USD 12 billion.
Posted on: Fri, 25 Jul 2014 16:43:43 +0000
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