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Posted by Peter Ungphakorn
JANUARY 17, 2024 | UPDATED JANUARY 18, 2024
The US, EU and the majority of the Cairns Group told fellow agriculture negotiators at the World Trade Organization yesterday (January 16) that a stand-alone decision on relaxing rules on food security stocks procured with higher than permitted subsidies will not be possible at next month’s WTO Ministerial Conference.
The writing had been on the wall for some time. In this meeting, according to sources, the US seems to have taken the lead, in declaring that deep divisions among members cannot be resolved and therefore a consensus decision at the Abu Dhabi conference will be impossible.
The US reaction is said to have come after India sought to “refresh members’ memory” by recalling mandates from previous years.
The purpose for India and its allies would be to find a permanent solution to replace the present temporary fix for when developing countries exceed their domestic support entitlements through purchases into food security stocks at subsidised prices.
Continue reading “‘Mission impossible’ and ‘mission essential’ collide in WTO farm talks”