<p>The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday gave its ex-post facto approval for the approach adopted by India at the 10th ministerial conference of the WTO held in December.<br /><br /></p>.<p>The outcomes of the conference, referred to as the ‘Nairobi Package’ include ministerial decisions on agriculture, cotton and issues related to least developed countries (LDCs).<br /><br />These cover a special safeguard mechanism (SSM) for developing countries, public stockholding for food security purposes, a commitment to abolish export subsidies for farm exports.<br /><br />Decisions were also made regarding preferential treatment to LDCs in the area of services and the criteria for determining whether exports from LDCs may benefit from trade preferences. A ministerial declaration was also adopted at the meeting.<br /><br />“In view of the reluctance of developed countries to agree to continue the Doha Development Agenda post-Nairobi, India negotiated and secured a re-affirmative ministerial decision on public stockholding for food security purposes honouring both the Bali ministerial and general council decisions. The decision commits members to engage constructively in finding a permanent solution to this issue,” an official statement said after the meeting.</p>
<p>The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday gave its ex-post facto approval for the approach adopted by India at the 10th ministerial conference of the WTO held in December.<br /><br /></p>.<p>The outcomes of the conference, referred to as the ‘Nairobi Package’ include ministerial decisions on agriculture, cotton and issues related to least developed countries (LDCs).<br /><br />These cover a special safeguard mechanism (SSM) for developing countries, public stockholding for food security purposes, a commitment to abolish export subsidies for farm exports.<br /><br />Decisions were also made regarding preferential treatment to LDCs in the area of services and the criteria for determining whether exports from LDCs may benefit from trade preferences. A ministerial declaration was also adopted at the meeting.<br /><br />“In view of the reluctance of developed countries to agree to continue the Doha Development Agenda post-Nairobi, India negotiated and secured a re-affirmative ministerial decision on public stockholding for food security purposes honouring both the Bali ministerial and general council decisions. The decision commits members to engage constructively in finding a permanent solution to this issue,” an official statement said after the meeting.</p>
