In a WTO meeting, Piyush Goyal put forward New Delhi s approach to the issue saying that public procurement and stockholding of food grains serve the twin objectives of food security and income support to marginal farmers. The 19-member Cairns group, which includes agri-exporting nations, lobbies for agricultural trade liberalisation. It was formed in 1986 in Cairns, Australia.
IPEF was launched jointly by the United States and other partner countries of the Indo-Pacific region on May 23 last year largely to counter China’s influence on trade.