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Ken Heydon is a former Australian trade official and senior member of the OECD Secretariat, and Visiting Fellow at the London School of Economics and Political Science. His latest boook is The Trade Weapon: How Weaponizing Trade Threatens Growth, Public Health and the Climate. ....
India has called for text-based negotiations to find a permanent solution to the issue of public stockholding for food security at the World Trade Organization (WTO). The European Union (EU) has expressed readiness for talks on the matter. The issue was discussed at an agriculture negotiations meeting in Geneva, where the EU responded positively to the chair s suggestions regarding safeguards and anti-circumvention measures. India emphasized the importance of discussing external reference prices and recalculating subsidy limits. ....
Failure to strengthen the trading system and the liberal order that underpins it puts at risk three decades of growth and development made possible by globalisation. ....
The United States on Tuesday formally accepted a historic agreement banning harmful fisheries subsidies, becoming the first among large fishing nations in the World Trade Organization to do so. WTO director-general Ngozi Okonjo-Iweala hailed the move for bringing the agreement closer to coming into effect. After more than two decades of negotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks, a deal, albeit watered down, was finally sealed last June. ....
The recently-concluded discussions on the proposed TRIPS Agreement waiver at the WTO illustrates not only the limits of India's negotiating strategies, but also a critical lack of consistent diplomatic leadership during a difficult period. ....