G-33 must strive for outcomes on PSH solution for food security purposes: Goyal

The meeting concluded with the adoption of the G-33 Joint Ministerial Statement reaffirming commitment for expeditious resolution of the WTO’s mandated issues in agriculture.


Devdiscourse News Desk | New Delhi | Updated: 17-09-2021 16:34 IST | Created: 17-09-2021 16:34 IST
G-33 must strive for outcomes on PSH solution for food security purposes: Goyal
Director-General of WTO, Dr Ngozi Okonjo Iweala delivered the Keynote Remarks. Out of a total of 47 G-33 Members, representatives from 21 Member countries, including India, took the floor to make a brief intervention. Image Credit: ANI
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The G-33 Virtual Informal Ministerial Meeting organized by Indonesia was held yesterday, to discuss the Agricultural Priority Issues of G33 and the Way Forward for the Twelfth Ministerial Conference (MC-12) scheduled to be held from 30th November to 3rd December 2021.

The Informal Ministerial Meeting was chaired by the Minister of Trade of the Republic of Indonesia, Mr Muhammad Lutfi.

Director-General of WTO, Dr Ngozi Okonjo Iweala delivered the Keynote Remarks. Out of a total of 47 G-33 Members, representatives from 21 Member countries, including India, took the floor to make a brief intervention.

India's official delegation for the meeting was headed by Shri Piyush Goyal, the Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles. In his intervention the Minister emphasized that as part of the trust-building exercise for MC 12, G-33 must strive for positive outcomes on a permanent solution to Public Stockholding (PSH) for food security purposes which is of utmost importance, finalization of a Special Safeguard Mechanism (SSM) quickly and a balanced outcome on Domestic Support.

He highlighted that Agreement on Agriculture at the WTO was riddled with deep imbalances, which favour the developed countries and have tilted the rules against many developing countries and therefore as a first step in agriculture reform, the historical asymmetries and imbalances must be corrected in order to ensure a rule-based, fair and equitable order.

He urged the G 33 members to work collectively to retain the cohesion of the G 33 coalition and strengthen it further by reaching out to other like-minded developing groups to secure their support for a fair, balanced and development-centric outcome on agriculture at MC-12.

The meeting concluded with the adoption of the G-33 Joint Ministerial Statement reaffirming commitment for expeditious resolution of the WTO's mandated issues in agriculture. The meeting also called for satisfactorily addressing the development issues of developing countries and LDCs with Special and Differential Treatment as an integral part of international trade negotiations.

(With Inputs from PIB)

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