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Highlighting the issue of public stockholding for food security at World Trade Organization (WTO) 12th Ministerial Conference (MC12), Union Minister of Commerce

Get latest articles and stories on World at LatestLY. Highlighting the issue of public stockholding for food security at World Trade Organization (WTO) 12th Ministerial Conference (MC12), Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal on Tuesday asked, "What is holding back WTO, still no solution to public stockholding for food security." World News | Piyush Goyal Raises Issue of Public Stockholding for F...

The Day 3 at WTO was beset by severe headwinds, with many countries, including India, objecting to the text of the draft agreements on agriculture and fisheries, especially related to subsidies.

This seems to be a desperate move by the head of the WTO as member nations are sticking to their entrenched positions, signalling that a "no solution" scenario is far better than going back home with an "adverse solution".

Union Minister Piyush Goyal said that the world is in a situation, where the temporary declarations are not going to help the countries rather the Permanent Solution to Public Stock Holding, pending for more than 9 years, is not yet being taken up for closure.

The ministerial conference, which is the highest decision-making body of the WTO, has a four-day window from 12 June to create a convergence between conflicting trade and economic interests.

When it gets to next autumn, next winter, when you really, really need your gas supplies to be certain, will you still be using and paying for russian gas, yes or no? that answer i dont have, because we are very dependent, but i spoke to volodymyr zelensky. and he is actually a very smart man. very, very smart. and we all understand we need to disconnect. it is not about a couple of months. it is about terminal solution, permanent solution. we all know that. it is about permanent. and that is wh...

Be using and paying for russian gas, yes or no? that answer i dont have, because we are very dependent, but i spoke to volodymyr zelensky. and he is actually a very smart man. brave and smart. and we all understand we need to disconnect. it is not about a couple of months. it is about terminal solution, permanent solution. we all know that. it is about permanent. and that is what we understand. we need to cut off from russian oil and gas permanently. thats what we need to look for. because we kn...

Position the biden administration i think has rightly taken is we have to de-escalate and focus on diplomacy, which is why they have been so careful about how we are helping. and this is a very thin needle to thread. but the reality is that what we need to do is make the cost and the consequence of russias war as untenable as possible so that it pushes russia to a diplomatic solution versus to continued military action. that is what the sanctions have been about. that is what the weapons have be...

The search for a diplomatic solution to the crisis. turkeys foreign minister reportedly says negotiations between russia and ukraine are moving closer, including ukraine renouncing ambitions to join nato, and protection of the russian language in ukraine. joining us now for a closer look at the hours developments, ali arouzi joining us from lviv, and gary gram balk standing by at the white house for us. >> where does the situation stand in lviv. >> hi, alex. lviv remains still a safe hub in the ...