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India, China to Push for Food Security Agreement at World Trade Organization

Posted May 15, 2015

Under Economic Issues, International Trade Issues

(Dilasha Seth – Economic Times)

India and China will jointly push for a food security agreement at the World Trade Organization besides other areas on which they can find common ground at the multilateral level. Prime Minister Narendra Modi’s China visit beginning Thursday will likely see a cooperation pact on WTO issues on which they agree. A permanent solution to food security is one of India’s key demands and is critical for China as well. “Both run public stockholding programmes,” a government official pointed out.

Modi will be traveling to China, Mongolia and South Korea May 14-19. The two nations taking a unified stance will lend weight to developing countries’ agenda at the multilateral level, generally dominated by rich nations.

India had blocked the adoption of the trade facilitation pact on July 31 last year in the face of heavy criticism. It wanted a deal on finding a permanent solution to public stockpiling simultaneously with the adoption of the trade facilitation agreement. But at the time, it didn’t get the backing of China or any of the other G-33 nations, including Indonesia. Click here to read more.