The objective of the World Trade Organisation (WTO) to provide a long term and equitable solution to the dilemma between free trade and food security has remained unfulfilled. Comment.
Main Body
WTO was brought by Uruguay Round discussions and established its importance in Doha round WTO successes: i) Agreement between developed and developing countries on subsidies (Amber, green, Blue bag) ii) Agreement on Agriculture and Agreement on Fisheries (LDU fishing) WTO failures: i) Developed countries beginning=) Against food security subsidies (PDS, MSP) ii) Focus on free trade but inequity of subsidies (Difference of subsidy regime in developed/Und developing countries in DSG) iii) Peace clause (2011) at Bali: not a permanent feature (No conclusion on freetrade/food security iv) Difficulty in identifier of developed and developing countries (China-developing)
Conclusion
WTO is the only central organisation on trade discussion and its effective functioning is needed for ideal at Vasudhaiva Kutumbakum
20 words
Tharun Teja
Economic Development
Economic Development
WTO and Trade Policy
167
Total words
1
Paragraphs
structured, analytical
Tone