Behind the rhetoric: ‘Public stockholding for food security’ in the WTO

This is not the only way to create emergency food stocks in poorer countries. How essential is it?

By Peter Ungphakorn
POSTED AUGUST 24, 2020 | UPDATED SEPTEMBER 21, 2022

In late March 2020, as the COVID-19 pandemic accelerated around the world, India announced it had broken a key trade rule.

It told fellow-members of the World Trade Organization (WTO) that its domestic rice subsidies had exceeded the limit it had agreed. But instead of facing a possible legal challenge for breaking a commitment, India invoked a “peace clause” agreed in 2014.

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