WTO Ministerial: India seeks permanent solution to public-stockholding for food security

India’s stand has been that public stockpiling is critical for its food security and total subsidies given by the US and the European Union nations far exceed those offered by India, based on the country’s updated calculations.

WTO Ministerial: India seeks permanent solution to public-stockholding for food security
The Union Minister for Commerce and Industry, Piyush Goyal (L) at the12th WTO Ministerial Conference in Geneva, Switzerland. Source: Twitter/@PiyushGoyal

India criticized the World Trade Organization (WTO), specifically rich countries, for not doing enough to tackle post pandemic challenges and rising food prices which have generated the risk of starvation.

Piyush Goyal, Union commerce minister represented India at the plenary session of the Twelfth Ministerial Conference (MC12) of the World Trade Organization on Sunday. He urged the members to help the least developed countries (LDCs) to recover from the pandemic and access to food grain supplies that have undergone high global inflation because of the Ukraine war.