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Home > Business > PTI > Report

Food security box for developing world mooted

September 10, 2003 20:54 IST
Last Updated: September 10, 2003 20:58 IST

Describing agriculture as the critical livelihood issue for developing nations, the World Trade and Development report on Wednesday underlined the need for providing a food security box for countries with large populations dependent on farming.

The report prepared by 'Research and Information System for Non-aligned and other Developing Countries' has called for special dispensation under Special and Differential Treatment provision in agriculture for nations with more than 50 per cent of population depending on it for livelihood.

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It also sought setting up of an independent commission to review the multilateral trading system.

The report which touches upon various issues relating to the Agreement on Agriculture, including developed country market access for developing countries, tariff rationalization, special safeguard measures for the special products, said, "The principle of higher reduction rates for higher tariffs may be applied which would cover a large number of products of developed countries."

Emphasising on linking of three pillars of Agreement on Agriculture that is market access, domestic support and export subsidy, it said, "The market access commitments which the agreement seeks to secure would be viable only if domestic support reduction commitments are ambitious."

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