FISH SUBSIDIES
Commerce ministry developing platform for registration, resolution of non-trade barriers
"We are making a portal so that we can prioritise all the NTBs. Traders will register their complaints and the ministry will pursue that," the official said. In cases where the barrier is impacting a large volume of goods will be prioritised for their redressal and action-taking.
Maharashtra budget: Subsidy for milk producers to continue, nod for 18 medical colleges
Finance Minister Ajit Pawar presented Maharashtra's budget for 2024-25, highlighting key initiatives including the extension of a Rs 5 per litre subsidy for milk producers and plans to establish 18 new medical colleges. This budget, the last before assembly elections, also focuses on agricultural infrastructure, women's empowerment, and healthcare expansion across the state.
US senators object to wheat, rice subsidies in India; USTR says market access to India has improved
India has opened up its market to the American farming industry in as many as 12 different categories, a top Biden administration trade official told lawmakers on Wednesday. However, Senator Ron Wyden raised concerns about India's wheat subsidies distorting prices and hurting American farmers. He stressed the importance of enforcing trade rules to protect American workers and businesses.
At WTO, Australia seeks details on India's fisheries plan
Australia has requested details from India regarding its fisheries programs, including policy objectives, budget expenditures, and coverage, during a meeting at the World Trade Organization (WTO). Australia also inquired about performance requirements and whether the Pradhan Mantri Matsya Sampada Yojana (PMMSY) includes objectives related to harnessing tuna resources in India's exclusive economic zone (EEZ) and the high seas. Additionally, Australia sought information on India's program for converting trawlers into deep-sea fishing vessels, including funding details and whether it is ongoing under the PMMSY.
Instead of banks, time to bet more on NBFCs; bottom fish in chemicals: Vinay Jaising
Vinay Jaising highlights the strong growth in capex, industrials, railways, and energy, driven by the OMCs. He emphasizes the sustainable GDP growth in India and the quality of growth without increasing debt. Investment opportunities are seen in the auto sector, particularly in OEMs.
What was agreed at WTO negotiations in Abu Dhabi?
Despite extended talks, WTO negotiators in Abu Dhabi failed to reach agreements on major reforms. They did agree to extend a moratorium on tariffs on digital goods until the next ministerial conference, but discussions on e-commerce were stalled by countries like India and South Africa. Disagreements also persisted on dispute settlement, with the WTO's top court still hampered by U.S. opposition. No deal was reached on agriculture, particularly regarding India's push for a permanent solution on public stockholding. Fisheries subsidies, aimed at curbing overfishing, also saw no resolution.
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WTO MC13 ends without public stockholding, fish sops decision
The 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi concluded without a decision on a permanent solution for public stockholding of food. The conference also failed to reach a consensus on fishery subsidies. However, the WTO extended the moratorium on e-commerce transmissions by two years. Despite efforts to resolve differences on agriculture, fisheries subsidies, and other issues, countries like India, the US, and the EU could not find common ground.
WTO meet enters extra time; no pact yet on farm, fishing
The meeting of the highest decision-making body of the WTO, which was supposed to conclude on Thursday, entered the fifth day on Friday with key members, including India, the US and EU, holding talks to iron out differences on issues such as agriculture, fisheries subsidies, WTO reforms and duty moratorium on e-commerce trade.
WTO MC13 talks may get delayed one more day amid logjam on key issues
Negotiations at the World Trade Organization's (WTO) 13th ministerial conference are expected to be delayed by one more day as key issues, including farm and fish subsidies, remain unresolved. India, the US, and the EU are holding talks to address differences on agriculture, fisheries subsidies, WTO reforms, and e-commerce trade duty moratorium. South Africa withdrew its opposition to the China-led proposed Investment Facilitation Agreement.
WTOs 5th day meet: Talks on to break impasse over agriculture, fisheries issues
The 13th ministerial conference of the WTO continues with discussions on key issues including agriculture, fisheries subsidies, and duty moratorium on e-commerce trade. India emphasizes finding solutions for public stockholding of grains and market access for agri commodities. DG Okonjo-Iweala urges members to reach meaningful agreements."
WTO MC13 extended to fifth day, hectic parleys on to end deadlock
“Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.
No consensus on fish subsidies at WTO talks
At the 13th Ministerial Conference of the World Trade Organization, no consensus was reached on fisheries subsidies. India seeks special treatment and complete exemption for its small scale and artisanal fishermen. The negotiations are deadlocked and a meaningful agreement is needed.
MC13: Talks stuck on crucial issues, EU, US block India proposals
Negotiations at WTO's Ministerial Conference on fish and farm subsidies are stuck. Developed countries resist developing nations' demands. EU and US block pro-development agenda. Green room meetings continue. Little action seen on promises made by developed nations for development matters.
WTO meet: India for stricter discipline on nations undertaking distant water fishing
"India urged the members to introduce a moratorium on subsidies by Distant Water Fishing Nations for fishing or fishing-related activities beyond their EEZs (exclusive economic zones) for a period of at least 25 years," an official statement said.
Protect farmers, fishermen in developing nations: India at WTO
India calls for a level playing field in agriculture, highlighting the disparity in subsidies provided by developed countries. They propose a 25-year moratorium on fishing subsidies beyond EEZs. They emphasize the importance of a permanent solution on public stockholding and advocate for common but differentiated responsibilities, Special and Differential Treatment, equity in fair trade, and protection of their sovereign rights.
New Delhi ready to negotiate hard on public stockholding of food and fisheries subsidies at Abu Dhabi WTO conference
"Implementation of proposals in the WTO is challenging. The previous agreement to temporarily remove intellectual property rights on COVID-19 vaccines and discuss extending the waiver to diagnostics and therapeutics appears unlikely to be implemented
India making waves as WTO tries to net fishing deal
India's influence on the new global fisheries subsidy agreement is crucial as the World Trade Organization prepares for its ministerial conference. Negotiations have led to a draft text, but India's push for a 25-year exemption for developing countries raises concerns about the agreement's effectiveness. Trade economist Christine McDaniel emphasizes the need for transparency and automation in implementing the agreement to combat overfishing.
ET Graphics: Electronic commerce, farm & fishing aid, reforms: Will countries reach a deal this time?
Before the pivotal 13th ministerial conference (MC13) of the World Trade Organization in the UAE next week, its 164 members are endeavoring to achieve consensus on matters like food security, e-commerce, fishing subsidies, and modernizing the 29-year-old global trade organization.
EXPLAINED: What's at stake at the WTO's next meeting in Abu Dhabi?
Ministers from around the world are gathering in Abu Dhabi for a World Trade Organization meeting to address key issues such as reforming the dispute system and cutting fishing subsidies. The WTO's top court has been inactive for four years due to opposition from the US, leaving billions of dollars worth of trade disputes unresolved. Negotiations on fishing subsidies are ongoing, with the aim of curbing unsustainable practices.
Energy sector going to benefit post Budget; invest in growth of country: DP Singh, SBI MF
DP Singh says the government has shown great fiscal discipline in this budget, with efficient parameters in terms of inflation, borrowing, and tax compliance. There are pleasant surprises in store for taxpayers, as the government aims to create an ecosystem for employment generation and growth in the private sector. The income tax revenue will be a major chunk for the government, but they are also focused on reducing subsidy budgets.
WTO talks on fisheries subsidies is as chaotic as a fish market
Efforts to move from a consensus-based decision making to a voting system at the WTO is not good for global fish trade.
India to protect poor fisherpeople, push for two-tier dispute resolution system at WTO meet
India will secure the interests of its poor fisherpeople at the upcoming WTO ministerial conference. New Delhi proposes allowing developing countries to give subsidies to their fisherpeople in their exclusive economic zone. India emphasizes polluter-pays and differentiated responsibility principles. India opposes the developed countries' proposal for top subsidisers to notify the WTO of new subsidy programs. India will push for the WTO's two-tier dispute resolution system and restoration of the independent nature of the dispute settlement body.
India asks WTO to weigh carve-out for poor fishing nations
While recognising the fact that such access arrangements can help some members generate revenues, especially in some developing countries, including poorer nations, India said that excluding subsidies arising from the further transfer of access rights to their vessels is like a "blank cheque" to distant water fishing nations that fish in other country's exclusive economic zone or high seas.
Civil society, trade experts urge India not to ratify WTO's agreement on fisheries subsidies
The signatories of the letter include the National Fishworkers Forum, National Platform for Small Scale Fish Workers, All India Fishers and Fisheries Workers' Federation, All India Union of Forest Working People, Biswajit Dhar, Distinguished Professor, Council for Social Development, Delhi; Bharat Patel, General Secretary, Machimar Adhikar Sangharsh Samiti (MASS), Gujarat; and Kamala Menon from Delhi Science Forum.
Fishing ban along coastal belt from June 1
The 61-day annual marine fishing ban will come into effect along the coastal region from June 1 till July 31. With this, mechanised boats and traditional boats fitted with inboard or outboard engines of 10 HP and above are banned from carrying out fishing activities during the period.
WTO launches second wave of fishing subsidy talks
The second stage is a follow-up to the historic agreement on fishing subsidies reached at the 12th WTO ministerial conference in June last year.
WTO fish pact to eliminate illegal fishing sops: Govt to Parliament
“Developing Countries and Least Developed Countries have been allowed S&DT with no obligation to implement disciplines for a period of two years from the date of entry into force of the Agreement,” said Minister of state for commerce and industry Anupriya Patel in a written reply.
India fully protected interests of farmers, fishermen at WTO meet: Piyush Goyal
Goyal, who led the Indian delegation for the WTO talks, also said that the decisions taken in the conference will further strengthen the role of the multi-lateral body in promoting global trade and India championed the cause of the developing and under-developed countries.
WTO breaks a 7-year negotiating drought, agrees on all issues including fisheries subsidies
For the first time subsides on overfishing, deep sea fishing and Illegal, Unreported and Unregulated (IUU) fishing were addressed through the proposed pact.
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