With the US going back on its commitment to finding a permanent solution to the public food stockholding issue, India is facing a \u201creal challenge\u201d at the World Trade Organisation, Union minister Suresh Prabhu said on Thursday.<\/p>\n
\u201cFor the first time, the country is seeing a real challenge at WTO and the global trading system itself. Because, first time, countries are putting roadblocks and (it) is going to be real, real issue,\u201d Prabhu said. In a disappointment to developing countries like India, talks at the WTO\u2019s 11th ministerial conference at Buenos Aires collapsed in December last year, with the US going back on its commitment to finding a permanent solution to the public food stockholding issue.<\/p>\n
As the US refused to engage, the 164-member World Trade Organisation failed to reach a common ground for resolving the food security issue, a demand raised prominently by India. Addressing industrialists at an event, organised by the Federation of Indian Exports Organisation here, the minister said \u201cWe are not enemies (with countries) as far as trade is concerned.\u201d<\/p>\n
\u201cWe want to make friendship. With China, we had a huge trade deficit. I invited the Chinese Commerce Minister (Zhong Shan) to India and signed many agreements and decided not only to reduce trade deficit but (bring in) balance in trade,\u201d Prabhu said. Referring to agricultural production in the country, he said it stood at 285 million tonnes while horticulture was at 300 million tonnes last year.<\/p>\n
\u201cThis year, hoping the monsoon is good, production of agriculture and horticulture will be more than 620 million tonnes\u2026,\u201d he said. Prabhu said to boost agriculture exports, the government was planning to roll out an \u201cagriculture export policy.\u201d On a large number of offices set up by Japan External Trade Organisation (JETRO) to boost that country\u2019s exports, Prabhu said India would also set up export promotion offices in other countries that would integrate with the global economy.<\/p>\n
Prabhu told the industrialists present at the venue that the government was doing more than what they wanted. \u201cGovernment can provide umbrella support. But when it comes to business to business, that can be done only by you businessmen,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the US going back on its commitment to finding a permanent solution to the public food stockholding issue, India is facing a \u201creal challenge\u201d at the World Trade Organisation, Union minister Suresh Prabhu said on Thursday. \u201cFor the first time, the country is seeing a real challenge at WTO and the global trading system […]<\/p>\n","protected":false},"author":1,"featured_media":34936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-34935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/34935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=34935"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/34935\/revisions"}],"predecessor-version":[{"id":34937,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/34935\/revisions\/34937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/34936"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=34935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=34935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=34935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}