Global Pact Needed On Lower Subsidies

To overcome the agriculture crisis, there was urgent need for a global agreement on the need to lower subsidies, so that global surpluses declined, prices rose and trade expanded, said K M Sahni, additional secretary of the Union ministry of agriculture.

Speaking at a seminar on World Trade Organisation at the Bengal Chamber of Commerce & Industry (BCCI), Sahni said if and when the global agreement happens, India