Does the decision taken at Bali on Friday give India a complete freehand in launching food security programmes?
Food security is not part of trade negotiations. This is sovereign space. This deals with the procurement part and not consumption. But it ring-fences us completely - it ring-fences us against any breach, any action when it comes to de minimis, which we would breach because of the huge procurement.
So you admit there will be huge procurement in future. Will you be able to silence the critics then?
Critics should reflect that it is not only us, but there are other countries in the world that do the same and they cannot question the collective wisdom of all such countries. We were able to develop a strong coalition of developing countries from Asia, Latin America and Caribbean, which has demonstrated its unity and solidarity.
Do you see this as a landmark decision?
It is historic but it's also a landmark for the WTO as the first major decision made in the 21st century on global trade, particularly after the commencement of the Doha Round of trade negotiations. What India was steadfast about from the beginning was to have a horizontal balance in the Bali package and to ensure not only India's own food security programme but also the public stock-holding for food security programmes by developing and poor countries. That right was recognised and secured. This has been achieved. And what India had said is that the umbilical linkage between interim and permanent is there. This is exactly what we had demanded. This is a path-breaking decision since the establishment of the WTO.
Does this mean the Agreement on Agriculture (AoA) under WTO will now be amended?
There have been ongoing negotiations. The previous agreement based on the Uruguay round is inherently imbalanced and biased against developing countries; that is why support was mobilised and it became an imperative to launch a new round of negotiations, that is the Doha Development Round. The Doha round was reaching nowhere. This is the ninth agreement of the WTO and this is the first agreement that reinforces the centrality of the WTO as an organisation and this is the first harvest of the only trade round dedicated to development.
Does this event at Bali mark the relaunch of the Doha round or does it overshadow it?
The Doha round remains... This is integral to Doha. It is called the first harvest, or early harvest. And in this, we insisted for a horizontal balance, which is what India's demand was.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)