India has called upon WTO members to find a permanent solution to the public food stockpile issue, saying it concerns the survival of 800 million hungry people across the globe. It also asked them to refrain from raising new issues, especially those which are not linked to trade.
In his address at the plenary session of the 11th ministerial conference of the World Trade Organization (WTO) in Buenos Aires, Commerce and Industry Minister Suresh Prabhu urged the member countries to reaffirm their commitment to a rule-based multilateral trading system as it would benefit the entire world.
Under the global trade norms, a WTO member country’s food subsidy bill should not breach the limit of 10 percent of the value of production based on the reference price of 1986-88.
Apprehending that the full implem