WTO and a permanent solution for food security: striving for a hunger-free world

Food security at the WTO remains one of the significant unaddressed demands of the developing country members. The Agreement on Agriculture has restricted the flexibility of the developing country members to administer price support backed public stockholding programmes for food security purposes, mainly due to the Amber box limit and the methodology for calculating market price support. Despite many deliberations and Ministerial mandates, no concrete solution has been found. The only option available to the developing country members is the Bali Decision on public stockholding, which is limited in product and programme coverage. For a permanent solution, this paper examines the options of addressing the flaws in the market price support calculation methodology through (a) consideration of inflation, (b) moving external reference price, (c) notifying in stronger currency, and (d) increasing the de minimis limit. Further, a solution based on the Bali peace clause has also been analysed. The paper finds that a ‘one glove fits all’ is not an appropriate approach for a permanent solution. Instead, multiple options or a combination of options should be made available according to the agricultural conditionalities of the members.

Link: https://ideas.repec.org/a/spr/ssefpa/v16y2024i2d10.1007_s12571-023-0142…