• UGI USER
  • Feb 15, 2024
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‘INDIA SUSCEPTIBLE TO TRADE DISPUTES WITHOUT PERMANENT SOLUTION FOR FOOD SECURITY’

Why in the news?

India faces the risk of trade disputes at the World Trade Organization (WTO) over food subsidies.

source:sociocosmo

India’s Vulnerability to potential Trade Disputes:

  • India has invoked the ‘peace clause’ at the WTO multiple times for exceeding the 10% subsidy ceiling on rice procurement.
  • This is crucial as farmers demand a law ensuring minimum support prices (MSP) for all crops, leading to concerns about India’s position in the WTO.
Food security of india act 2013

●   NFSA enacted on September 10, 2013.

●   Aims to provide food security for human dignity.

●   Covers 75% rural, 50% urban populations.
  • The Cairns Group, comprising agricultural exporters, seeks substantial reductions in agriculture support by 2030, posing challenges for India.